India, June 6 -- Bengaluru's residential real estate market is beginning to feel the impact of ongoing job cuts in the tech industry. Suresh Gowda (name changed), 40, who was employed at a medical entrepreneurship firm in the city, had been planning to buy a home. However, after losing his job, he has put those plans on hold and is now focusing on finding new employment while exploring investments in stocks and other avenues instead.

Real estate brokers say the wave of layoffs has shaken buyer sentiment and dampened market confidence. It's not just homebuyers and tenants who are concerned; landlords, too, are growing cautious. Several landlords in Bengaluru are reportedly reconsidering lease renewals for tech sector tenants, with many de...