New Delhi, March 2 Gaurs Group, a real estate firm, will invest ₹100 crore to set up a precast manufacturing plant in Greater Noida as part of its strategy to strengthen its construction capabilities through backward integration.
In a statement on Monday, the company said it has signed a Memorandum of Understanding (MoU) with Elematic India, a subsidiary of the Finland-based Elematic Group, for sourcing precast concrete technology.
The MoU was signed on February 19, 2026, in the presence of Petteri Orpo, the Prime Minister of Finland, and also the Finnish Ambassador, Kimmo Lahdevirt.
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.
Under the agreement, Gaurs Group will invest ₹100 crore to set up a precast manufacturing plant in Greater Noida.
The facility, spread over 5 acres of land, will manufacture advanced precast concrete components, including slabs, columns, beams, and walls.
The plant is expected to become operational within six months.
Gaur Group has also placed an advance order with Jindal Elematic, Alwar, to supply 45,000 modular bathrooms and 10,000 kitchen pods for its under-development projects.
The order is worth ₹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."
Gaur Group is one of the leading real estate developers in the Delhi-NCR region. It has developed numerous townships, group housing, and commercial projects.