Birla Cotton Mills in Delhi Set for Redevelopment into Prime Mixed-Use Project

The site of the former Birla Cotton Mills in Kamla Nagar, Delhi is set to undergo a significant transformation. Texmaco Infrastructure and Holdings Limited, a part of the Adventz Group, has partnered with US-based Hines, HDFC Capital, and Conscient to redevelop this 10-acre land parcel into a mixed-use project that will bring modern housing and retail spaces to one of Delhi's most sought-after locations.

The project will span around 30 lakh square feet and will include approximately three million square feet of residential space, featuring modern condominiums. Additionally, the development will include premium retail spaces designed to cater to the growing demand for Grade A commercial properties in the region.

Texmaco Infrastructure, led by Akshay Poddar, sees this collaboration as a perfect blend of global expertise and local market knowledge. The company has owned this land for over 100 years, and the decision to partner with Hines and Conscient represents a carefully considered move to maximize the potential of this strategic location. Poddar emphasized that the project aims to honor the rich heritage of Delhi while introducing modern living and commercial facilities.

Hines, a global real estate investment manager with a portfolio worth USD 93 billion, is bringing its extensive development experience to the table. Amit Diwan, Country Head for Hines India, highlighted that this partnership marks the company’s entry into the Delhi residential market, a region known for its high demand for quality living spaces. The project will not only contribute to the shortage of modern residential options but will also meet the increasing need for premium retail spaces in the area.

Conscient Infrastructure, known for delivering over 12,000 homes across Delhi-NCR and Goa, is another key player in the project. Their experience in residential development further strengthens the team’s ability to execute this large-scale mixed-use project efficiently.

HDFC Capital, a subsidiary of HDFC Bank Limited, is committed to delivering lasting value in the real estate sector, and this project aligns with their strategy of investing in high-potential urban developments. Vipul Roongta, MD and CEO of HDFC Capital, expressed excitement about the project’s potential to add significant value to the local community.

This partnership marks a major step forward in addressing the city's demand for quality urban infrastructure. The development is poised to reshape the skyline of Kamla Nagar and contribute significantly to Delhi’s housing and retail market. The project is expected to cater to a diverse range of residents and businesses, offering a blend of modern living spaces and premium commercial outlets.

As this high-profile development progresses, it will undoubtedly attract attention not only for its scale and design but also for its potential to set new standards in urban living and commercial infrastructure in Delhi.