Real-Estate Major Enters into Construction Busines
Trip Start
Dec 15, 2008
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27
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Trip End
Dec 17, 2008
Delhi,
Indiana,
India
Saturday, October 25, 2008
...
Piyush Group, a leading real-estate developer has announced the launch of its latest venture Piyush Developers Ltd; thus marking the foray of the company into construction business. Through this enterprise, Piyush Group will be addressing the real-estate industry's need to improve delivery timelines and quality of the building construction in house.
Speaking on the developments Brig. D Satyanarayana (Retd.), Executive Vice President - Projects, Piyush Group said "Construction is a viable sector, now and for the foreseeable future and the launch of Piyush Developers fits perfectly well with our diversification and investment plan. We have decided to create our own construction company because it will allow us to better control the cost and quality of a project."
In the initial stages of its operation, Piyush Developers will handle prestigious projects worth several crores including Piyush City in Bhiwadi, Global in Faridabad and Piyush Heights in Faridabad. "We have acquired state-of-the-art batch mixing plants and machinery like transit mixers, concrete pumps, etc. for construction related processes. We also have the right kind of expertise which would enable us to fulfill the desired requirements of other companies as well." Brig. Satyanarayan added.
Recently, Piyush Group has also formed a company named PCL Concrete Pvt. Ltd. with the aim of achieving fifty ready-mix concrete plants in the NCR region in near future. The company has already set up two such plants which are presently fulfilling the needs of several projects undertaken by Piyush Developers. According to Brig. Satyanarayan, the company plans to achieve tenders for big infrastructure projects such as flyovers and airports in the next five years.
Indian realty News October 22, 2008
