Real Estate’s Winning Edge

Q1. Could you start by giving us a brief overview of your professional background, particularly focusing on your expertise in the industry?

I have over 30 years of experience as a mechanical engineer, working across a wide range of industries. I am a member of the Royal Institution of Chartered Surveyors (MRICS). Throughout my career, I have delivered industrial, hotel, retail, residential, and commercial projects, gaining comprehensive expertise in cost estimation, budgeting, and project delivery.

I have held key roles in both project management and cost management consultancies, allowing me to develop a strong foundation in all aspects of project execution. For around 12 years, I worked with Lodha Developers and currently, I am with Godrej Properties Limited.

My experience spans optimizing costs, value engineering, identifying and rectifying design deficiencies, standardization, digitization, automation, and process improvements. These initiatives have resulted in significant cost savings—amounting to several crores of rupees—for the organizations I have worked with.

Q2. In your experience, what are some cost management strategies that can directly mitigate rising construction expenses while maintaining project quality and boosting project-level margins with quantifiable outcomes?

The current market faces two major challenges: pricing inflation and cost inflation, both of which result in…