Wait what? The project you link to attempts to send a small robotic spacecraft to the moon, not a person.
The project seems quite interesting, though it has a bit too much of a nationalistic angle for my taste (Their headline is "Sending our flag to the moon"... is that really the most important thing people see in the ability to send a probe to the moon?)
Chandrayaan was a "crash landing" of an impactor (there were four others of those, https://en.wikipedia.org/wiki/Moon_landing#20th.E2.80.9321st...). I think they claim they want to be the third nation to a land a small operating space craft on the moon, or something like that.
I don't think that goal by itself is all that special, because in light of the fact that in the meantime many different nations have sent stuff to lunar orbit or to other planets, it doesn't seem like it would be particularly hard for any of them to land a small probe on the moon, it's just that they have prioritized different things.
What would be impressive about SpaceIL would be that they would apparently be pulling it off with very little resources. But then again, there are many teams other than to SpaceIL in the Google Lunar X Prize competition, and at this point they may all have an equal right to claim to try to be the "third on the moon"...
The project seems quite interesting, though it has a bit too much of a nationalistic angle for my taste (Their headline is "Sending our flag to the moon"... is that really the most important thing people see in the ability to send a probe to the moon?)