Piyush Group forays into construction
With real estate development seeing a slack period, Piyush Group, a leading real-estate developer, has launched Piyush Developers Ltd, thus marking its foray into the construction business.
“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.
Initially, Piyush Developers will handle large projects such as Piyush City in Bhiwadi, Global i in Faridabad and Piyush Heights in Faridabad. “We have acquired batch mixing plants and machinery like transit mixers and concrete pumps,” Satyanarayana added.
Recently, Piyush Group formed a company PCL Concrete Pvt. Ltd. to set up fifty ready-mix concrete plants in the NCR region. The company has already constructed two such plants which are presently fulfilling the needs of several projects undertaken by Piyush Developers.
Within five years, the company plans to announce tenders for big infrastructure projects such as flyovers and airports.