Pankaj Bansal(M3M India) views on FDI Rules Inputs

Mr. Pankaj Bansal said, "The new initiative of the government to relax FDI rules by allowing 100 % foreign investment in the construction sector will transform the real-estate scenario in the country like it did in 2005. The unprecedented move allows foreign investment into projects spread over a small area with the minimum floor area requirement being reduced from 50,000 square metres to 20,000 square metres.

Apart from this, the Union Cabinet’s decision to ease the otherwise cumbersome procedure to exit the project and repatriate profits has acted as an added advantage for foreign investors. Likewise, the government’s clause that makes it mandatory for native companies operating with overseas financing to sell only ‘Developed Plots’ has worked in the favour of consumers. With the reduction in the minimum area requirement for construction, things will become much easier for real-estate firms as it will widen their horizons and save them from restricting construction projects to outskirt areas. The Government’s relaxed FDI rules will render scores of benefits to the construction industry. Firstly, it will inject much-required foreign capital in real estate. It will revive the fiscal crush in the industry and give it a new lease of life. Also, it will speed up the completion and delivery of projects and motivate investors to venture into new deals and develop projects like smart cities.

India attracted $1.2 billion of foreign direct investment in the fiscal year ended March 31 while the previous year saw $1.3 billion of investment. Also, a decent $446 million of foreign investment was seen between April and August this year. The concrete step taken by the government has given us new hopes and also raised the expectation of more foreign direct investment flooding in. The new direction that the construction industry has been given will aid in controlling the unwanted price rise and stabilize the sector as a whole."

Mr. Pankaj Bansal Director, M3M Group

A graduate in Business Administration from Amity School of Business Noida, Mr. Pankaj Bansal is an MBA from Narsee Monjee Institute of Management Studies, Mumbai and alumni of the Executive Management Program from Harvard Business School. Mr. Bansal has acquired the entrepreneurial wisdom and skills with professional qualifications, the results of which are apparent in the steady rise of the M3M group in the Indian real estate industry.

Mr. Bansal, with his professional qualification and the exposure to the international real estate market, is responsible for the development of M3M India. He has in-depth knowledge in the marketing and development of real estate in the country; he looks after the development of the marketing strategies of all the projects starting from the initial draft of the plan to the execution and the schedules of the projects. His objectives include acquiring key insights in the area of project development in the real estate industry.

At a young age Mr. Bansal is a combination of the energy of youth and wisdom of a mature business mind. He is simple yet elegant in his attitude and appearance. On an individual level he has a deep interest in music, reading and has traveled extensively across the globe for business dealings. An avid golfer, Mr. Bansal is also an expert sky-diver with penchant for speed. He has a keen interest in music and likes to read business & management books.

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M3M India a real estate company in India and one of the leading real estate developers in gurgaon offering residential and commercial properties in Gurgaon.