Real-Estate major Piyush Group forays into construction business

Oct. 21, 2008 - PRLog -- 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.

“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.” said Brig. D Satyanarayana (Retd.), Executive Vice President - Projects, Piyush Group.

In the initial stages of its operation, Piyush Developers will handle prestigious projects worth several crores including Piyush City in Bhiwadi, Global i 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 said.  
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, “Within five years, Piyush Developers plans to achieve tenders for big infrastructure projects such as flyovers and airports.”

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Piyush Group is one of India’s young & fastest growing companies with a significant presence in real estate development, infrastructure, hospitality, entertainment construction and financial services. The company, which has a projected turnover of US $ 400 million, aims to develop world-class Integrated Townships, infrastructure projects and commercial establishments to suite the tastes of all cultures across all strata of society and eventually help to improve the lives and aspiration of people. They have successfully implemented projects like Piyush City in Bhiwadi and Piyush Heights in Faridabad. The company has also laid the foundation for its commercial IT project, Global i, in Faridabad.