Birla Cotton Mills in Delhi to Turn into a Modern Residential Hub

                Texmaco Infrastructure & Holdings Limited 
(TIHL, An Adventz Company), Hines, 
Conscient, and HDFC Capital have entered into 
a partnership to develop a premier residential-
led mixed-
use project on the site of the former Birla 
Cotton Mills in Kamla Nagar, Delhi.

“This land parcel, owned by our Group for over 
100 years, required the right development 
partners to realize its full potential. Hines and 
Conscient bring a unique combination of 
global 
expertise and deep local market knowledge, 
making this an ideal collaboration,” said 
Akshay Poddar, Chairman of Texmaco 
Infrastructure & Holdings Limited.

Spread over 10 acres, the project will feature 
around 3 million square feet of modern 
condominium residences and premium retail 
spaces.

“This is our first joint investment with HDFC 
Capital. This project provides a platform for us 
to leverage our global development expertise 
to address the shortage of modern residential 
options in one of the city’s most sought‐after 
location. The Project will also address the 
serious lack of Grade A retail spaces in the 
region,” said Amit Diwan, Country Head of 
India, Hines.


Source : Times of India