Realty developer Gaurs Group will invest Rs 100 crore to set up a precast manufacturing plant in Greater Noida, strengthening its construction capabilities through backward integration and technology-driven building practices. The company has signed a Memorandum of Understanding (MoU) with Finland-based Elematic Group’s Indian arm, Elematic India, to source advanced precast concrete technology for the facility.

The agreement was formalised between Veshesh Gaur, Director of Gaurs Group, and Chander Dutta, MD of Elematic India and Teppo Voutilainen, CEO of Elematic Oyj, Finland, PTI reported.

Under the agreement, Gaurs Group will invest Rs 100 crore to set up a precast manufacturing plant in Greater Noida.

The facility, spread over 5 acre land, will manufacture advanced precast concrete components that would include slabs, columns, beams and walls.

The plant is expected to be operational within six months.

Gaurs Group has also placed an advance order to Jindal Elematic, Alwar to supply 45,000 units of modular bathrooms and 10,000 units of kitchen pods for its under-development projects.

The order book is worth Rs 150 crore.

The company intends to integrate technology-led construction practices to improve execution efficiency and reduce project timelines by almost 30 per cent.

Precast construction enables key structural and utility components to be manufactured and assembled off-site in a controlled environment and installed on-site.

Veshesh Gaur said, “Construction technology is becoming increasingly important as the scale and complexity of residential developments continue to grow. Our partnership with Elematic will enable us to integrate advanced precast manufacturing into our construction processes, improving efficiency, quality control and project timelines.”