Texmaco Infrastructure & Holdings Limited — Updates, 30-01-2025: Press Release

Texmaco Infrastructure & Holdings Ltd has formed a strategic partnership with Hines, Conscient, and HDFC Capital to develop a major residential-led mixed-use project on the former Birla Cotton Mills site in Delhi's Kamla Nagar. The project will cover nearly 10 acres and is projected to deliver around 3 million square feet of modern condominium residences and premium retail spaces, setting a new standard for urban living and commercial infrastructure.

Chairman Akshay Poddar highlighted the synergistic expertise brought by Hines and Conscient, essential for realizing the site's potential after over a century of ownership by Texmaco. The collaboration aims to address the increasing demand for high-quality housing and Grade A retail spaces in Delhi, with a focus on blending modern developments with the city's heritage. This partnership not only signifies a potential growth opportunity for Texmaco but also positions it favorably in the competitive real estate landscape as urbanization continues to rise.