In a press release on Monday, the corporate stated it has signed a Memorandum of Understanding (MoU) with Elematic India, an arm of Finland-based Elematic Group, for sourcing of precast concrete expertise.
The MoU was signed on February 19, 2026, in the presence of Petteri Orpo, Prime Minister of Finland and in addition the Ambassador of Finland Kimmo Lahdevirt.
The settlement was formalised between Veshesh Gaur, Director of Gaurs Group, and Chander Dutta, MD of Elematic India and Teppo Voutilainen, CEO of Elematic Oyj, Finland.
Beneath the settlement, Gaurs Group will invest Rs 100 crore to set up a precast manufacturing plant in Greater Noida.
The power, unfold over 5 acre land, will manufacture superior precast concrete parts that would come with slabs, columns, beams and partitions.
The plant is predicted to be operational inside six months. Gaurs Group has additionally positioned an advance order to Jindal Elematic, Alwar to provide 45,000 models of modular bogs and 10,000 models of kitchen pods for its under-development tasks.
The order ebook is price Rs 150 crore.
The corporate intends to combine technology-led building practices to enhance execution effectivity and scale back challenge timelines by nearly 30 per cent.
Precast building allows key structural and utility parts to be manufactured and assembled off-site in a managed atmosphere and put in on-site.
Veshesh Gaur stated, “Development expertise is turning into more and more vital as the size and complexity of residential developments proceed to develop. Our partnership with Elematic will allow us to combine superior precast manufacturing into our building processes, bettering effectivity, high quality management and challenge timelines.”
Gaurs Group is likely one of the main actual property builders in Delhi-NCR. It has developed many townships, Group housing and business tasks.
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