Hemisphere Properties may invite EOI to develop farmhouses in Chhatarpur

NEW DELHI: Those who desire to own a farmhouse in Delhi may soon get a chance to buy them in South Delhi. HPIL, a PSU
real estate company under the housing and urban affairs ministry will invite expressions of
interest for developing farmhouses on 58 acres of land in Chhatarpur in the next few days,
sources said.
TOI has learnt that the proposal to invite expression of interest was taken at a recently held
meeting of the Hemisphere Properties India Limited (HPIL). Sources said the main intention
behind this is to assess the interest of potential buyers. The land parcel is barely one kilometre
from the Chhattarpur Metro station in the national capital.
Sources said there is no legal dispute in the land parcel and it’s protected by a boundary. Hence
the project can start soon, they added. HPIL will give wide publicity to the proposal so that it can
get maximum feedback. That will help it to plan future development on this land, sources said.

TOI has also learnt that the plot size for each farmhouse would be around 1-1.25 acres and the
per acre cost would be nearly Rs 25-30 crore. The due diligence report prepared by the stateowned National Buildings Construction Corporation had recommended monetisation of this land
parcel by selling plots for farmhouses. “We can prepare a development plan only after we know
whether people will be keen on this project. We will need to create common infrastructure to
meet the requirement,” said a source.
Chhattarpur and its adjoining areas have a high concentration of farmhouses.