HEMIPROP

Hemisphere Properties India Ltd. was incorporated in 2005 to manage surplus land identified during the disinvestment of VSNL, now Tata Communications Limited. Operating as a Public Sector Undertaking under the Ministry of Housing and Urban Affairs, Government of India, the company focuses on real estate management, land asset monetization, and development within India. It holds, manages, and monetizes surplus land parcels transferred from Tata Communications Limited, aiming for structured land asset development and optimal utilization. The company oversees a substantial land bank across major Indian metropolitan areas. The land parcels were transferred to Hemisphere Properties to ensure transparent and structured utilization of these assets.