Dr. Niranjan Hiranandani, CMD, Hiranandani Communities

The digital wave is leading to major transformations in the construction industry; from being labour-intensive to being automated with AI and IoT, there has been a paradigm shift in time-bound execution of projects - a challenge being taken up by the respective stakeholders.

Dr Niranjan Hiranandani
Opportunities

The Indian economic growth story is powered by a slew of mega infrastructure, so opportunities have grown multifold over the past few years. As any growth brings along multiple challenges, the same is with these mega-infrastructure construction plans laid out. The challenge lies in terms of scaling up the quantum of work, raising finances, increase in credit and assimilating global best practices. It is significant to streamline such challenges to achieve the set target of developments, timely delivery, and unmatched quality.

The sector is also exposed to the digital wave leading to major transformations from being labour intensive to automation with Artificial intelligence and the Internet of Things. There has been a paradigm shift in context to the time-bound execution of projects - a challenge being coped by the respective stakeholders.

New Learnings

It is a new world in terms of quantum as also new quality control requirements; plus time-bound completion as also ensuring no cost over-runs. Corporate organizations have been incorporating almost all of these; using mechanization and automation to ensure these get fulfilled, and Hiranandani is no exception to the same.

For us, the journey over the years, has been through automation and mechanization, and in the present day, it is also about leveraging the Internet of Things (IoT) and Artificial Intelligence (AI) to power work schedules as also monitoring cost efficacy by value engineering. Specific to construction technology, we have adopted Global Best Practices including usage of cranes at the site and shuttering systems that save time, as also methodologies that result in a faster turnaround, including usage of ready-mix concrete. It is an on-going process; and we keep innovating to assimilate the new learning in our work schedules.

Hiranandani Fortune CityHiranandani Fortune City - Panvel

Software & Technology

In the Indian scenario, the previous systems were based largely on utilizing humans, with rudimentary usage of mechanization. The advantage of the systems being used at present includes standardization, improvised finish, time efficient, and quicker turnaround of projects.

Among the new age technology, we use Building Information Modeling (BIM) Software, which definitely helps in scheduling, monitoring as also ensuring supervising. But these are more effective on project sites where the entire system of procuring, using and monitoring materials is to ensure ‘just in time’ procurement is automated.

The human interface which requires a manual ‘go-ahead’ for such functions reduces the effectiveness of such software. Similarly, IoT, Telematics, Artificial intelligence have the potential of contributing to faster completion of projects; each has an important role to play; the moot-point is a system which integrates all of these to function in a manner that is ‘in sync’ and helps save time.

Hiranandani Parks Oragadam ChennaiHiranandani Parks, Oragadam-Chennai

Order Book

The Hiranandani Group has multiple on-going projects and has diversified into the newer platforms like Logistics and Industrial Parks as an outcome of economic policy reforms. The Group has launched boutique homes in its flagship project Hiranandani Gardens, Powai. As Thane has become the most sought-after destination for home buyers, Hiranandani Estate is offering the best mix of affordable as well as premium and luxurious homes. One Hiranandani Park and Lake Enclave are two of the most uber luxury projects launched within Hiranandani Estate Township on Ghodbunder road.

Extending our reach to MMR, we have Hiranandani Fortune City, Panvel in Navi Mumbai a mixed-used integrated township spread across 588 acres. The Group has launched vacation home project Mount Alterra in Khandala selling virgin plots of land, currently. The newly added project is Hiranandani Sands in Alibaug - a resort township on the banks of the Nagaon river, which will comprise of villas, plots, apartments, hotels, clubs, beachside retail and restaurants, marinas and a yacht club to provide a Riveria style of living.

In recent years, the Group has equally focused and strongly developed its commercial portfolio by leasing out 2mn sqft to India’ largest IT company TCS at Hiranandani Estate Thane, followed by additional 2mn sqft ready for fit outs at Hiranandani Fortune city Panvel. We have also leased out co-working spaces to clients like Wework at our Thane township.

The implementation of GST and thrust on Make in India has paved the way for a new emerging asset class like Warehousing and Logistics to mushroom. Hiranandani has forayed into this space with its new vertical set up called Green Base, which will start operations in the existing land parcels across Pune, Chennai and Nasik, to begin with.

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