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

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..