New Delhi, March 19 -- The real estate market in India's IT hub Bengaluru has slowed down, a Reddit user claims, citing reasons such as layoffs, less hiring, boost of AI and 'silent recession.'

The user highlighted that the Bengaluru real estate market majorly depends on the IT industry. Even though people from other professions are buying property, the numbers do not catch up to IT employees.

"The whole Bengaluru real estate boom has been riding on IT folks. But that engine is slowing down now. Yeah, politicians and startup folks buy property, but not in the numbers that IT employees did. Demand just isn't the same (sic)," the user wrote.

The Indian IT sector is currently strained, resulting in job cuts and fewer graduates being hired...