Hemisphere Properties India Ltd (HPIL), a government enterprise, has announced plans to conduct an e-auction for a land parcel in Pune, Maharashtra. The auction is scheduled to take place from October 1 to October 3, 2025, following approval from the Pune Collector.

Auction Details

The e-auction is being conducted pursuant to a Request for Proposal (RFP) dated December 13, 2024. HPIL has secured the necessary approvals from competent authorities, including the Collector of Pune, Maharashtra, for the sale of the land parcel.

Financial Aspects

A significant development in this process was the company's payment of ₹130.56 crore to obtain the Pune Collector's approval. This payment was a prerequisite for the auction to proceed, demonstrating HPIL's commitment to the sale.

Regulatory Compliance

In line with regulatory requirements, HPIL has informed the stock exchanges about this development. The company submitted additional information on September 30, 2025, following an earlier intimation dated September 27, 2025.

Company Background

Hemisphere Properties India Ltd, with its registered office in New Delhi, is a government enterprise.

Market Implications

This e-auction represents a significant move for HPIL, potentially impacting its asset portfolio and financial position. Investors and market watchers will likely keep a close eye on the outcome of this auction, as it could influence the company's future performance.

The successful completion of this e-auction could provide HPIL with substantial funds, which may be used for various corporate purposes or to strengthen the company's financial position.

As the e-auction approaches, more details are expected to emerge regarding the specifics of the land parcel and the terms of the sale. Interested parties and stakeholders are advised to monitor HPIL's official communications for further updates on this significant transaction.

Hemisphere Properties India Limited (HPIL) has announced significant updates to its ongoing land sale process in Pune, Maharashtra. The company's Board of Directors has approved key changes to the Request for Proposal (RFP) document and extended the e-auction timeline.

RFP Amendment and E-Auction Extension

The Board of Directors of Hemisphere Properties India Limited has approved Amendment No. 2 to the Request for Proposal (RFP) document for the sale of land parcels located at Village Bopkhel, Pune, Maharashtra. This amendment marks an important development in the company's land divestment strategy.

In addition to the RFP amendment, the board has decided to extend the e-auction date. The new e-auction is now scheduled to take place 15 days after the previously set dates of September 15-16, 2025. This extension provides potential bidders with additional time to review the amended RFP and prepare their proposals.

Accessing the Amended RFP

HPIL has announced that the amended RFP document will be made available on two official platforms:

1. The company's e-auction website: https://hpil.enivida.com
2. The corporate website: www.hpil.co.in

Interested parties are advised to visit these websites to access the updated RFP document and familiarize themselves with any changes that may affect the bidding process.

Board Meeting Details

The decision to amend the RFP and extend the e-auction date was made during a board meeting held on September 9, 2025. The meeting commenced at 4:00 p.m. and concluded at 5:30 p.m., as disclosed in the company's filing to the stock exchanges.

Company Background

Hemisphere Properties India Limited, a Government of India Enterprise, is engaged in the management and development of surplus land assets.

This latest development in the land sale process at Village Bopkhel, Pune, reflects HPIL's ongoing efforts to optimize its land assets and potentially unlock value for shareholders. Stakeholders and potential bidders should stay tuned for further updates as the revised e-auction date approaches.