Bengaluru and Pune property prices are in danger due to Trump tariff fallout, CA warns

recession — a threat that could hit India where it hurts most: its tech-driven cities. As American companies rein in spending, Indian IT firms are grappling with slower project cycles and shrinking revenues. The impact is already visible, with the Nifty IT index plunging 9% this week — its biggest weekly drop in five years — sparking concerns that a downturn in the US could derail the ongoing recovery in technology spending.

Experts warn that India cannot remain immune to global economic shocks. Chartered accountant Paaras Gangwal highlighted on X (formerly Twitter) that a US recession may trigger a domino effect, especially in IT hubs like Bengaluru and Pune. He pointed out that the real estate boom in these cities has been fuelled by IT growth, making them vulnerable to global tech disruptions.

In a post on X (formerly Twitter), CA Paaras Gangwal wrote, “Bangalore, Pune Real Estate Market is linked with IT Sector. It is HOT because boom in the IT Sector in last 3-4 Year. Recession in USA may impact the Real Estate market of IT Cities too.”

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Opinions are sharply divided on the impact of a potential US recession on India’s real estate market, especially in IT-centric cities like Bengaluru and Pune. Some believe that property prices in India are resilient, pointing out that even during global crises like the 2008 financial crash and the 2020 pandemic, prices did not see steep declines like stock markets. They argue that assets like gold and real estate tend to appreciate over time and are not as