Why India’s Housing Market Thrives Despite Economic Slowdown
India's housing sector continues to grow, driven by high-net-worth buyers and rural consumption. Resilient Housing Market in India Amid Economic Slowdown Economic Outlook and Housing Market Stability India's economy faces a slowdown, with growth expected to dip to its lowest rate in four years by the end of March 2025. Persistent inflation and rising borrowing costs have led the Reserve Bank of India (RBI) to adjust its growth forecasts downward, causing concerns across various industries. However, despite these economic challenges, India's housing market remains robust, defying typical expectations of decline during periods of economic downturn. Nadir Godrej, Chairperson of Godrej Industries, addressed the surprising strength of the housing market at the World Economic Forum in Davos, stating that the sector is continuing to show resilience. He noted, "The housing market is not showing signs of slowdown, despite the overall economic challenges that usually impa...