business / news / / The Financial Express
Unsold inventory of housing units in Bengaluru has gone up 23% in the first quarter of 2026 to 71,611 units.
Oracle recently laid off 12,000 staff in India, with more cuts expected.
KEY POINTS
- 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
Summarized by Newsio from The Financial Express. How we summarize →