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

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

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Infrastructure Energy

06 Oct 2025

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Infrastructure Energy

06 Oct 2025

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..