Delhi Birla Cotton Mills to be redeveloped into residential mixed use project

Adventz Group firm Texmaco Infrastructure and Holdings Limited has partnered with US-based realty firm Hines, HDFC Capital, and Conscient to develop a 10-acre mixed-use project on the site of the former Birla Cotton Mills in Delhi's Kamla Nagar. All the partners will jointly develop 30 lakh square feet of housing and retail space on this land parcel owned by Saroj Kumar Poddar-led Adventz Group firm Texmaco Infrastructure and Holdings. The investment to develop the mixed-use project and the total revenue potential were not disclosed. Akshay Poddar, chairman of Texmaco Infrastructure and Holdings, said the company had a century-long legacy of excellence and community development. "This land parcel, owned by our group for over 100 years, required the right development partners to realise its full potential. Hines and Conscient bring a unique combination of global expertise and deep local market knowledge, making this an ideal collaboration. All the partners are committed to delivering a world-class development that honours Delhi's heritage. Hines' India country head Amit Diwan said the company had partnered with Adventz Group to enter the Delhi residential market. The project will also address the serious lack of Grade A retail space in the region. With a presence in key sectors such as fertilisers, engineering, infrastructure, real estate, and consumer durables, Adventz Group is a USD 3 billion enterprise with a nationwide footprint, nine major manufacturing units. It has developed many projects in many Indian cities, including Gurugram. City-based Conscient Infrastructure Private Limited has delivered more than 12000 homes across Delhi- NCR, Dehradhun and Goa. 
 

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