The project, with anticipated revenues of over Rs 900 crores, is being developed by Belani NPR Projects LLP, a JV between the 55-year-old Belani Group, the actual property arm of the listed firm
, and the 49-year-old Sriji Group.
It is arising on a four-acre plot on which the erstwhile Tollygunge Tram Depot was situated, and which a consortium led by Belani Group had purchased for ?181 crores in September 2015 from the Government of West Bengal. It is situated reverse the Tollygunge Metro Station, inside a tee-off distance from the Tollygunge Club in addition to the Royal Calcutta Golf Club (RCGC).
“LPD is an AI-enabled tool with a patented proprietary algorithm which improves efficiency and productivity in construction and infrastructure projects. Since 2016, it has been used in almost 80 projects in Singapore, Malaysia, Brunei, Italy, and New Zealand. Detailed analysis of 30+ projects have shown up to 57.1% delay mitigation, up to 18.2% total time savings, and up to 6% cost savings,” stated Amit Bagaria, Director of Lean Station Pte. Ltd., Singapore. “We brought LPD to India in January 2022 as we felt the market here is now ready for such products.”
Lean Station has finalized 39 tasks in India in simply 4 months, with a mixed gross ground space of about 14.9 million sq. toes. “The response has been far better than our most optimistic projections,” stated Sharath Waikar, who co-founded the corporate with Prof. David Chua, professor of civil engineering and building administration at National University of Singapore, based mostly on a number of years of analysis executed by the latter.
“My partner Gaurav Belani and I are both always open to any sort of technology that can improve delivery schedules and therefore help save costs. In just two weeks, we have already seen Lean PlanDo help us reduce our delivery schedule by over 45 days and our team is closely working with Lean Station’s team to ultimately reduce it by about 7-8 months,” stated
Todi of NPR, “Not only will we thus save over 20 crores in interest costs and overheads, but buyers will be overjoyed to get their apartments before the committed time, which will be a new milestone in Indian real estate.”