Gaurs Group, one of India’s leading real estate developers, has signed a strategic Memorandum of Understanding (MoU) with Elematic India, the Indian arm of Finland-based Elematic Group, a global provider of precast concrete technology, to establish a precast manufacturing facility in Noida.
The MoU was signed on February 19, 2026, in the presence of H.E. Mr. Petteri Orpo, Prime Minister of Finland and also the Ambassador of Finland, Mr Kimmo Lähdevirta. The agreement was formalized between Mr. Veshesh Gaur, Director, Gaurs Group, and Mr. Chander Dutta, Managing Director of Elematic India and Mr. Teppo Voutilainen, CEO of Elematic Oyj, Finland.
Under the agreement, Gaurs Group will invest approximately Rs 100 crore in the first phase to set up a precast manufacturing plant in Noida. The facility will manufacture advanced precast concrete components that would include slabs, columns, beams and walls. The plant is expected to commence operations within six months. Also, the Group has placed an advance order to Jindal Elematic, Alwar to supply 45000 units of modular bathrooms and 10000 units of kitchen pods for its under-development projects.
The investment forms part of the Group’s broader strategy to integrate technology-led construction practices aimed at improving execution efficiency, reducing project timelines by almost 30% and strengthening construction capabilities across large-scale residential developments. The aim of the Group is to shorten project delivery by almost 6 months to an year with this pre-cast technology.
Precast construction enables key structural and utility components to be manufactured and assembled off-site in a controlled environment and installed on-site. This approach can help improve construction quality, optimise labour requirements and support faster project delivery.
Veshesh Gaur, Director, 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. For Gaursons, this investment reflects a long-term focus on strengthening execution capabilities through modern construction systems and global best practices.”
“We are delighted to formalise our partnership with Gaurs Group. This Rs 100 crore facility in Noida will not only offer world-class Finnish technology to the Group but will also demonstrate how advanced precast methods, including the production of modular pods, can raise the bar of the ultra-luxury housing segment through superior quality and faster execution,” remarked Chander Dutta, Managing Director of Elematic India.
Gaurs Group (Gaursons India) has maintained a consistent focus on technology-driven construction and has previously invested nearly Rs 200 crore in advanced shuttering systems imported from South Korea, which supported the timely delivery of developments such as Gaur City and Gaur Yamuna City.
A recent technology evaluation visit by a Gaurs Group delegation to Finland further reflects the company’s efforts to adopt global construction practices and strengthen operational efficiencies.
With increasing demand for faster and higher-quality housing development in India, the collaboration is expected to enhance execution capability and support the efficient delivery of large-scale residential projects.
About Gaurs Group
With nearly three decades of experience in India’s real estate sector, Gaurs Group (Gaursons India Pvt. Ltd.) has emerged as a leading name in residential, commercial, and retail development. The Group has developed over 100 million sq. ft., delivered more than 75,000 homes across 70 projects, including three integrated townships, and earned the trust of over 1,00,000 customers.
A key milestone in the Group’s journey was the delivery of 15,000 homes in a single year (2015), a national record. In 2019, Gaurs Group further strengthened its market position by selling 10,000 units in one calendar year, with a sales value of Rs 4,000 crore. Its portfolio today spans luxury residential developments, commercial assets, and retail destinations across NCR.
