India, July 28 -- As layoffs ripple through the IT sector, most recently with TCS announcing a 2% workforce reduction, concerns are mounting over the potential effects on the country's real estate market. Experts warn that this could mark the beginning of a broader shift, particularly in tech-driven housing hubs like Bengaluru.

"This could be a starting point. Once one large company makes such a move, others may follow," industry experts cautioned. Many affected people are in their late 30s to mid-40s, a demographic typically burdened with significant financial commitments such as home loans. If job insecurity spreads, pressure on homeowners still repaying large EMIs could mount.

Tata Consultancy Services (TCS) has announced plans to re...