Gaurs Group to Invest ₹100 Crore in Precast Manufacturing Plant in Greater Noida, Partners with Finland's Elematic

by- Grihik
Mar 3, 2026

The facility, spread over 5 acres, will produce advanced precast concrete components including slabs, columns, beams, and walls, and is expected to be operational within six months. The backward integration move aims to enhance construction capabilities, improve efficiency, and reduce project timelines by approximately 30 percent.

Greater Noida, March 3, 2026: Realty firm Gaurs Group will invest ₹100 crore to set up a precast manufacturing plant in Greater Noida as part of its strategy to strengthen construction capabilities through backward integration .

Strategic Partnership with Elematic

The company has signed a Memorandum of Understanding with Elematic India, an arm of Finland-based Elematic Group, for sourcing precast concrete technology. The MoU was signed on February 19, 2026, in the presence of Petteri Orpo, Prime Minister of Finland, and Kimmo Lahdevirt, Ambassador of Finland .

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

Facility Details

The facility, spread over 5 acres, will manufacture advanced precast concrete components including slabs, columns, beams, and walls. The plant is expected to be operational within six months .

Major Pre-Order for Modular Components

Gaurs Group has also placed an advance order with 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 ₹150 crore .

Efficiency Gains

The company intends to integrate technology-led construction practices to improve execution efficiency and reduce project timelines by almost 30 percent. Precast construction enables key structural and utility components to be manufactured and assembled off-site in a controlled environment and installed on-site .

Management Commentary

Veshesh Gaur, Director of Gaurs Group, 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" .

About Gaurs Group

Gaurs Group is one of the leading real estate developers in Delhi-NCR. It has developed many townships, group housing, and commercial projects in the region .