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  • Bengaluru’s IT corridor sees cooling demand as buyers turn cautious amid policy uncertainty, price surge
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Bengaluru’s IT corridor sees cooling demand as buyers turn cautious amid policy uncertainty, price surge

IT corridor
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Whitefield, Sarjapur Road, and neighborhoods near Kempegowda International Airport were once the flagbearers of Bengaluru’s real estate boom, consistently attracting strong interest from homebuyers and investors. Their proximity to major IT hubs and consistent infrastructure upgrades made them emblematic of the city’s property success story. Now, however, that momentum appears to be slowing—particularly across the tech corridors.

Local brokers report a visible dip in buyer enquiries over the past two months, even during the festive season, traditionally the busiest period for home purchases. The cooling trend comes amid job market uncertainty, evolving government policies, and rising property prices, prompting buyers to adopt a more cautious approach.

In South Bengaluru, areas like Electronic City and Bannerghatta Road host some of the earliest tech parks and global IT campuses. The eastern IT corridor spans across Whitefield, Outer Ring Road, Bellandur, and Sarjapur Road.

Meanwhile, the IT corridor in North Bengaluru is anchored by the Kempegowda International Airport and upcoming tech zones around Hebbal, Yelahanka, and Devanahalli.

According to several real estate consultants operating in East and North Bengaluru, enquiries and site visits have declined compared to the same period last year. “We usually see a rush during Dussehra and Diwali, but this time interest has been more cautious,” said Kiran Kumar, vice president of Hanu Reddy Realty. “Buyers are taking a longer time to decide, and price sensitivity has increased.”

Real estate experts say enquiries have fallen by nearly 20–25% in the last two months, particularly across the IT corridor stretching from Whitefield to Sarjapur Road.

The two key factors believed to be driving the lull are recent government policy changes and a broader sense of uncertainty among potential buyers. Many are choosing to wait and watch, hoping for clarity on new regulations and possible price adjustments before committing to large investments, experts noted.

Kumar said the sentiment is more cautious than pessimistic. “Most buyers still believe in Bengaluru’s long-term growth story, but they are no longer in a hurry. People want to make informed decisions after assessing how new government policies impact the market. The good thing is, genuine end-users have not disappeared; they are just taking a little longer to decide.”

Experts also attribute the lull partly to higher home loan rates and the saturation of certain localities where prices have risen steeply in the past two years.

While demand remains steady in the affordable and mid-segment categories, premium apartments and plotted developments are witnessing slower traction, experts opine.

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