Flipkart's Influence on Bangalore Real Estate Prices: An Insight into Business News and Flipkart ESOP

Why are Bangalore real estate prices expected to rise now that Flipkart has started paying its employees $ 700 million in compensation, or around Rs 5,745 crore? How ? Watch this video to know more.

Flipkart impact on Bangalore real estate

Real estate experts believe that many of Flipkart's 19,000 employees may utilise the $700 million in compensation to purchase homes in Bengaluru after the company made its decision public. They might potentially spend up to Rs 2,800 crore on real estate in Bengaluru's Bellandur district, where Flipkart's office is located.

This projected rise in property purchases indicates that there will likely be a surge in demand for luxury home projects in Bengaluru's real estate market, particularly in the Bellandur neighbourhood.

Following PhonePe's split from the company in December 2022, Flipkart decided to pay its employees this compensation in a one-time payment. Based on the value of PhonePe.