In an announcement on Monday, the corporate mentioned it has signed a Memorandum of Understanding (MoU) with Elematic India, an arm of Finland-based Elematic Group, for sourcing of precast concrete know-how.
The MoU was signed on February 19, 2026, within 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.
Underneath the settlement, Gaurs Group will make investments Rs 100 crore to arrange a precast manufacturing plant in Larger 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 produce 45,000 items of modular bogs and 10,000 items of kitchen pods for its under-development initiatives.
The order ebook is value Rs 150 crore.
The corporate intends to combine technology-led building practices to enhance execution effectivity and scale back venture timelines by nearly 30 per cent.
Precast building permits key structural and utility parts to be manufactured and assembled off-site in a managed surroundings and put in on-site.
Veshesh Gaur mentioned, “Building know-how is changing into more and more necessary as the dimensions 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 venture timelines.”
Gaurs Group is likely one of the main actual property builders in Delhi-NCR. It has developed many townships, Group housing and business initiatives.
