Hemisphere Properties India Limited has announced the successful conclusion of the e-auction process for its land parcel located in Bopkhel, Pune. The e-auction event was finalized on May 12, 2026. Following this milestone, the company has entered the evaluation and scrutiny phase to verify the eligibility of all participating bidders. Once the evaluation is complete and final approvals are secured, the successful bidder and the final bid value will be officially declared.
E-Auction Milestone Reached
Hemisphere Properties India Limited has marked a significant step in its asset monetization strategy. The e-auction process for the land situated in Bopkhel, Pune, reached its successful conclusion on May 12, 2026. This development follows the company’s initial Request for Proposal (RFP) issued earlier this year.
Evaluation and Next Steps
The company is currently undertaking a comprehensive evaluation and scrutiny of the bids received. This process includes a rigorous verification of documentation and compliance with the eligibility criteria set for participating bidders. Following the completion of this internal review and subject to final confirmation from the competent authority, the company will announce the successful bidder and the corresponding bid value. The Letter of Award/Acceptance will be issued to the winning entity in due course as the project moves into its final stages.
Source: BSE
