The tree will continue to grow but most of the growth will be on the crown or top of the tree. The trunk will probably increase in diameter but very slowly. So I think there won't be any damage to the house for as long as they trim the top branches. I took another shot earlier today. Here it is:

And the fact that during mango season this tree can earn the owner anywhere from 150K to 250K is probably another major reason why the owner built the house around the tree and didn't just cut it.