India Real Estate's Growth Run Faces a Rate-Hike Reality Check

India's real estate sector just delivered a knockout quarter. The June Index of Services Production shows real estate grew 24.7% year-on-year, the fastest among all 19 services sub-sectors tracked by the government — ahead of retail trade at 18% and IT services at 13.5%. This isn't a one-off blip; the Q1 FY27 GDP data confirmed that real estate and financial services were key drivers of India's 7.8% headline growth, outpacing forecasts. Developers are clearly reading the...