n a significant urban development initiative, the historic Birla Cotton Mills site in Delhi’s Kamla Nagar is set to undergo a major transformation. Texmaco Infrastructure and Holdings Limited, a subsidiary of the Adventz Group, has announced a partnership with prominent firms including US-based Hines, HDFC Capital, and local player Conscient to redevelop the 10-acre property. The planned mixed-use project will encompass approximately 30 lakh square feet of residential and retail spaces, which aims to redefine urban living in one of Delhi’s most sought-after locales. The site, which has been under Adventz Group’s ownership for over a century, is poised to honor its historical significance while integrating contemporary amenities and sustainable practices.
Transformative Vision for Kamla Nagar
The redevelopment of the Birla Cotton Mills site exemplifies a transformative vision for the Kamla Nagar area. This project not only aims to meet the burgeoning housing demand in Delhi but also strives to revitalize the local economy by introducing Grade A retail spaces. Akshay Poddar, chairman of Texmaco Infrastructure and Holdings, emphasized the importance of choosing the right partners to maximize the land’s potential. The development will feature three million square feet of modern condominiums that integrate seamlessly with the retail environment, fostering a vibrant community atmosphere. This initiative is anticipated to attract both residents and businesses, creating a dynamic space that serves the diverse needs of the population.
Commitment to Heritage and Community
The partnership between Texmaco, Hines, HDFC Capital, and Conscient reflects a shared commitment to delivering a project that honors Delhi’s heritage while modernizing its infrastructure. HDFC Capital’s Managing Director and CEO, Vipul Roongta, expressed enthusiasm for collaborating on this landmark venture, emphasizing the focus on creating lasting value for customers and the community alike. Hines’ India country head, Amit Diwan, also highlighted the significance of this project as the company’s entry into the Delhi residential market.
Adventz Group: A Legacy of Development
The Adventz Group, with its extensive portfolio across various sectors including infrastructure and real estate, is well-positioned to lead this transformative undertaking. With a market presence spanning over a century, the group is recognized for its commitment to quality and innovation. The mixed-use project at the Birla Cotton Mills site is a testament to the evolving nature of urban planning and development, where historical sites are reimagined to meet contemporary needs.
