If AI replaces most Technology jobs, will real estate go down in cities like Bangalore, Hyderabad and Chennai?

No, the real estate will be bought by people working on AI related jobs. AI won't just replace existing technology jobs, it'll change the nature of technology work, and will create new kinds of technology jobs instead.

Sure. A big crash awaiting. Already real estate is overpriced. A correction should happen

I think we are already feeling the pressure on real estate prices.