Hemisphere Properties land parcels valued at Rs 19k cr

01 Jan 2021 CW Staff

Hemisphere Properties will possibly partner with Tata Construction and Tata Housing to develop these lands for mixed-use real estate, including shops, malls, and residential development. The Centre owns 26.12% shareholding, and the Tatas own an equivalent amount through Pantone Investments.

The company’s prime lands lie in Halisahar, Kolkata (35.19 acre), Chennai (53.04 acre), Chhatarpur, New Delhi (58 acre), Greater Kailash, New Delhi (69.46 acre) and largest land parcel in Dighi, Pune (524 acre).

The operations of the surplus land located in Pune will be dependent on the conditions and the performance of real estate markets in the Pune Metropolitan Region (PMR).

Additionally, in past years the company’s net worth was negative due to no business operations. The goal now is to monetise these lands, mentioned in the annual report.

The stock price of the company closed at Rs 73.60, up by 3.85%. It has a market cap of Rs 2,097 crore.

Hemisphere marks 2020 as a landmark year as it successfully demerged the additional land of VSNL into the company. In the past, it was unable to generate revenue due to the absence of assets but will do in future as it owns large parcels in major cities in India. The company is identifying possibilities to use the land-based on demographics while working closely with the Ministry of Housing and Urban Affairs.

Image Source

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Hemisphere Properties has announced that land parcels valued at Rs 19,000 crore can be monetised on current circle rate prices. An order of demerger issued by the Ministry of Corporate Affairs between Hemisphere Properties and Tata Communication Ltd mentioned that 739.69 acres of land were transferred into the company. The company has demerged with the additional land of VSNL (now Tata Communications Ltd). Hemisphere Properties will possibly partner with Tata Construction and Tata Housing to develop these lands for mixed-use real estate, including shops, malls, and residential development. The Centre owns 26.12% shareholding, and the Tatas own an equivalent amount through Pantone Investments. The company’s prime lands lie in Halisahar, Kolkata (35.19 acre), Chennai (53.04 acre), Chhatarpur, New Delhi (58 acre), Greater Kailash, New Delhi (69.46 acre) and largest land parcel in Dighi, Pune (524 acre). The operations of the surplus land located in Pune will be dependent on the conditions and the performance of real estate markets in the Pune Metropolitan Region (PMR). Additionally, in past years the company’s net worth was negative due to no business operations. The goal now is to monetise these lands, mentioned in the annual report. The stock price of the company closed at Rs 73.60, up by 3.85%. It has a market cap of Rs 2,097 crore. Hemisphere marks 2020 as a landmark year as it successfully demerged the additional land of VSNL into the company. In the past, it was unable to generate revenue due to the absence of assets but will do in future as it owns large parcels in major cities in India. The company is identifying possibilities to use the land-based on demographics while working closely with the Ministry of Housing and Urban Affairs. Image Source

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..