Texmaco Infrastructure and Holdings has partnered with US-based realty firm Hines, HDFC Capital, and Conscient to develop a 10-acre mixed-use project on the site of the former Birla Cotton Mills in Delhi's Kamla Nagar.
All the partners will jointly develop 30 lakh square feet of housing and retail space on this land parcel owned by Saroj Kumar Poddar-led Adventz Group firm Texmaco Infrastructure and Holdings. This landmark development, covering approximately 10 acres, will feature around three million square feet of modern condominium residences and premium retail spaces, setting new benchmarks in urban living and commercial infrastructure.
Texmaco Infrastructure & Holdings, founded in 1939, has demerged its Heavy Engineering and Steel Foundry businesses, constituting the major part of its operations, into a separate company called Texmaco Rail & Engineering. Texmaco Infrastructure & Holdings is presently concentrated in the businesses of Real Estate, Mini Hydro Power and Job work services. The demerger of the company was with the prime objective of each constituent company being able to focus in the core areas of its respective business segments.
| Company Name | CMP |
|---|---|
| Lodha Developers | 871.70 |
| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
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