Texmaco Infrastructure & others to Develop Residential Mixed-Use Project in Delhi

Adventz Group firm Texmaco Infrastructure and Holdings has joined forces with US-based real estate company Hines, HDFC Capital, and Conscient to develop a 10-acre mixed-use project at the former Birla Cotton Mills site in Kamla Nagar, Delhi.

The collaboration, led by Saroj Kumar Poddar, aims to build 30 lakh square feet of residential and retail space on land owned by Texmaco Infrastructure and Holdings. 

According to a joint statement, the project will include approximately three million square feet of premium residential condominiums and high-end retail spaces, setting new standards in urban development.

However, the investment required for the project and its total revenue potential were not disclosed. 

Akshay Poddar, Chairman of Texmaco Infrastructure and Holdings, highlighted the company's century-long legacy of excellence and community growth. He noted that this land, owned by the group for over 100 years, needed the right development partners to unlock its full potential.

He emphasized that Hines and Conscient bring a strong combination of global expertise and deep local market understanding, making them ideal collaborators. He added that all partners are committed to delivering a world-class development while preserving Delhi’s heritage. 

Vipul Roongta, Managing Director and CEO of HDFC Capital expressed excitement about the partnership, stating that the project reinforces its dedication to creating lasting value for customers and communities. 

Amit Diwan, India Country Head for Hines, noted that the collaboration with Adventz Group marks Hines’ entry into Delhi’s residential market. He also mentioned that this is their first joint investment with HDFC Capital and that the project presents an opportunity to use Hines’ global development expertise to address the growing demand for modern housing in one of Delhi’s prime locations.