Introduction

Prestige Group, one of India’s premier real estate developers, has completed a major digital transformation milestone by defining its Building Information Modeling (BIM) strategy with an intent to move beyond traditional 2D drawings and spreadsheets. This “smart digital” approach will leverage detailed 3D models enhanced with time (4D) for scheduling and costs (5D) for budgeting. Alvarez & Marsal (A&M) partnered with Prestige to deliver this comprehensive strategy, targeting timely project completion, tighter cost control, superior construction quality, and elevated digital capabilities across its teams.

Strategic Vision: BIM Across the Full Project Lifecycle

The defined strategy, once implemented, will equip Prestige’s engineers, architects, and project teams with a modern BIM framework spanning the entire project lifecycle—from initial sketches and approvals through construction to final handover. The idea is to have a single “living” digital model: 3D for visualizing structures and resolving clashes preconstruction, 4D for step-by-step construction timelines, and 5D for real-time cost tracking as budgets evolve. Prestige is striving toward leading full-spectrum BIM adoption in Indian real estate, driving faster completions, reduced value leakages, and driving cost advantage by leveraging advanced analytics.

A&M’s Step-by-Step Roadmap for Prestige

A&M executed a structured, collaborative methodology to craft Prestige’s BIM strategy:

• Current State Analysis: Assessed workflows across design, procurement, and site execution with internal teams and partners, uncovering opportunities like 15–20% design timeline compression.
• BIM Vision and 100+ Use Cases: Defined a future-state vision with, including 3D clash detection and bill of quantities (BoQ) automation, 4D sequencing and resource planning, and 5D cost-linked models.
• Operating Model: Designed BIM and Project Management Centres of Excellence seamlessly integrated into Prestige’s organizational structure.
• Technology Platform Guidance: Specified essential features and shortlisted leading providers through targeted workshops and demonstrations.
• Compelling Business Case: Estimated 8–10% design cycle reduction, up to 0.5% of contract value savings through value engineering and accurate quantity take-off, and          5–8% execution timeline optimization, with payback from year 2 and close to 9x return on investment (ROI) over five years.

Key Outcomes for Prestige

This strategic phase has equipped Prestige with a clear, actionable BIM strategy. The maturity assessment deepened understanding of internal operations and the technology landscape, ensuring confidence in the chosen timing and approach. The process and operating model design provided a clear roadmap for enhancing Prestige’s BIM capabilities.

The business case confirmed BIM’s potential to enhance delivery performance and operational efficiency, positioning Prestige to advance as a leading digital player in Indian real estate. Next, Prestige is moving to define the detailed technology blueprint and initiate implementation of the BIM strategy.