# Unsold inventory of housing units in Bengaluru has gone up 23% in the first quarter of 2026 to 71,611 units.

*business · news · 2026-05-03 · The Financial Express*

## Key points

- Oracle recently laid off 12,000 staff in India, with more cuts expected.
- Bengaluru's unsold housing inventory rose 23% in Q1 2026, reaching 71,611 units.
- IT layoffs are specifically depressing homebuyer demand and housing sales in major IT hubs.
- Leasing by global capacity centres is offsetting some negative impact of AI disruptions and IT layoffs.
- No Indian company has yet actively implemented artificial intelligence in operations, according to Kotak Mahindra Investments.

**Companies:** Oracle, Tata Consultancy Services
**Countries:** United States, India

[Read the full story on The Financial Express](https://www.financialexpress.com/business/news/it-layoffs-cast-a-shadow-on-home-sales-in-key-hubs/4228425/)

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