Mr V Nagarajan on recent RBI Rate Change

"Though RBI has kept the key policy rates unchanged, the banks delay in passing on the earlier rate cut is a blow to the revival of the housing sector. What is more affordable housing sector has not been given the requisite thrust as piecemeal kneejerk solutions proved ineffective so far. The fact that 265 ancillary industries are dependent on the housing sector clearly illustrates that much more needs to be done both at the policy making level and implementation stage to revive the fledgling vital housing sector," said Mr V Nagarajan, Columnist on Real Estate and Editor, Priya Publications.