Hemisphere Properties India Limited

Hemisphere Properties India Ltd (HPIL) is a state-owned enterprise specializing in the management, development, and monetization of land assets across India. Incorporated in 2005 and headquartered in New Delhi, HPIL holds one of the largest portfolios of surplus government properties, predominantly deriving from the assets of erstwhile Videsh Sanchar Nigam Limited (VSNL). The company is primarily engaged in converting these land holdings into commercial, residential, and mixed-use projects, in line with government urbanization and asset monetization initiatives.

HPIL operates as a Government of India public sector undertaking (PSU) under the administrative control of the Department of Telecommunications, Ministry of Communications. Its asset base spans prime locations in key metropolitan markets, including Delhi, Mumbai, Pune, Chennai, and Kolkata. The company's strategic focus is on leveraging public-private partnerships to maximize value realization from its real estate resources.