As part of its expansion plan, the realty major Amarpali Group, is planning to invest around Rs350 crore in its first precast factory at Kasna, Greater Noida to increase its productivity. The company wants to set a new precedent on precast technology by boosting Prime Minister Narendra Modi's 'Skill India' initiative.
The company claims Kasna's unit to be Asia's largest precast factory which is spread across 25 acres of land. They have invested around Rs400 crore in setting up the plant and currently churning out over 50 lakh square feet building area annually, which is equivalent to raising 30 towers (18 floors each).
Amarpali Group's Chairman and Managing Director (CMD) Anil kumar Sharma said, “We have invested approximately Rs400 crore to set up this facility and we are looking to invest Rs350 crore to increase its productivity and churn out over 1.5 crore square feet building material annually which will give us the capacity to construct a 18 floor tower in 9-10 months.”
To avoid labour shortage, time delays and with an aim to deliver quality products, developers and builders are now adopting precast technology. The main advantages of precast technology are quality, speed of construction, and a value-for-money product.
The use of such technology helps in saving up to 64 per cent of the time taken for similar projects using normal construction methods and technology. In other words, if normal brick-and-mortar method takes one year to complete a project, the precast method takesabout four months.
The precast technology has been imported from Germany, Finland and Dubai to give a boost to reality sector in India and develop the skill set of Indian labour in foreign technology. This technology has already been proven and tested on foreign shores and now is going to share its benefits with Indian buyers.
“The whole precast process cost us 10 per cent more than regular methods, however our commitment to deliver the project on time with quality work has driven us to use the precast so that buyers can get value for their hard earned money,” said Kumar.
“We have turnover of over Rs3000 crore and with our majority of projects to be delivered by 2020, we will see a revenue of Rs7500 crore and precast will play a major role in achieving that figure,” he further added.