The 227-apartment Sanctuary project coming up in Tollygunge will be the first in Eastern India to use the AI-enabled Lean PlanDo (LPD) project management software from Singapore.
The project, with expected revenues of over Rs 900 crores, is being developed by Belani NPR Projects LLP, a JV between the 55-year-old Belani Group, the real estate arm of the listed company NPR Finance Ltd, and the 49-year-old Sriji Group.
It is coming up on a four-acre plot on which the erstwhile Tollygunge Tram Depot was located, and which a consortium led by Belani Group had bought for Rs 181 crores in September 2015 from the Government of West Bengal. It is located opposite the Tollygunge Metro Station, within a tee-off distance from the Tollygunge Club as well as 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,” said 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 projects in India in just four months, with a combined gross floor area of about 14.9 million square feet. “The response has been far better than our most optimistic projections,” said Sharath Waikar, who co-founded the company with Prof. David Chua, professor of civil engineering and construction management at National University of Singapore, based on several years of research done by the latter.
