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.

1. 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 internat ional real estate
market, is responsible for the development of M3M India. He has in-depth knowledge in the

2. 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.