IBM to provide smart city tech for Lodha's Palava project

Image
Press Trust of India Mumbai
Last Updated : Jun 11 2014 | 6:03 PM IST
Technology and consulting firm IBM has entered into an agreement with realty player Lodha Group to develop and manage smart city infrastructure in the real estate group's township project- Palava in Thane district.
The project, spread across 4,000 acres and envisioned as a city, will incorporate IBM's smarter city technology using advanced data driven systems to integrate information from all operations in Palava into a single system.
"IBM will integrate services in areas such as energy, water, transportation, public safety and smart cards with a central command and control center. We will also support a central hub to monitor and enable coordination among Palava city and agencies involved in public safety and emergency management," IBM India (South Asia) Director of smart planet solutions Dhamodaran Ramakrishnan told reporters here.
Located at the centre of the economic triangle of Navi Mumbai, Thane, and Kalyan, Palava project is expected to be completed by 2025 and house one lakh families. It will also provide 3.5 lakh jobs.
"Palava will not just offer a quality of life to its citizens but also become an ecosystem for nurturing business, creating jobs and delivering growth. IBM's smart city technology will help us ensure safety, efficiency and governance with participation from citizens," Palava Development Director Shaishav Dharia said.
The first phase of the project, where it will build 19,000 homes, will be completed by 2015-end.
"We will require to spend another Rs 14,000 crore by 2025 when the entire project is expected to be completed. We will also need an incremental investment of Rs 400 crore for the next 10 years for making Palava a smart city," he added.
Dharia further said IBM will provide a 360 degree view of the key functions for managing the township which will enable city officials to better allocate resources, adopt preventive maintenance measures and proactively manage issues that could affect quality of life.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 11 2014 | 6:03 PM IST

Next Story