What we do Hemisphere Properties India Ltd is a government-owned real estate company developing and monetizing 739.69 acres of strategic land parcels across Delhi, Chennai, Pune, and Kolkata. |
Founded in 2,005 |
Market share Holds significant urban land assets in key Indian metros, with untapped potential for real estate development and monetization under government ownership. |
Problem solved Unlocks value of surplus government land through development, leasing, and sale, addressing urban housing and commercial space demands. |
Top clients or who we serve Government entities, real estate developers, institutional buyers; mainly B2G and B2B through land leasing and auctions. |
Key management D Thara, Chairperson & Managing Director, with leadership focused on strategic land asset management and government collaboration. |
Our journey and innovations Started as VSNL surplus land holder in 2005; became CPSE in 2014; acquired major land from Tata Communications in 2018; evolving towards integrated township and residential projects. |
Where we operate India – Delhi, Chennai, Pune, Kolkata urban regions. |
Top products or what we offer Development of commercial buildings, residential apartments, industrial sheds, group housing, and infrastructure on company land parcels. |
Top brands Land parcels across Greater Kailash & Chattarpur (Delhi), Padianallur (Chennai), Dighi & Bopkhel (Pune), Halisahar (Kolkata). |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from rental income and land monetization; cyclical due to real estate market dynamics. |
Our industry position Unique position holding prime government-owned land in major urban centers with high development potential. |
Financial highlights FY 2024-25 revenue Rs. 90.64 lakhs; net loss Rs. 751.85 lakhs due to carrying costs; manages Rs. 10,588 crore land assets in value. |
Geographical revenue split - |
Order book - |
Whats driving growth Government ownership enables strategic land use approvals; rising urban demand for residential and commercial real estate. |
Our future plans E-auction of Pune land in August 2025; pursuing land use changes and integrated township developments; enhancing monetization efforts. |
Our green promise Supports 'Green Initiative' with minimal physical dispatch, promoting sustainability in corporate communications. |
Our people and values Small team with five contractual employees; works closely with government departments for land management and development. |
Key challenges ahead Resolving litigations on land titles, compliance with regulatory requirements, and navigating real estate market cyclicality. |
Interesting facts Owns one of India’s largest surplus government land banks transferred from Tata Communications; key asset controlled by Ministry of Housing & Urban Affairs. |
Risks and strategy Mitigates land and development risks through professional advisors, regular government liaison, and diversified monetization approaches. |
