Hindustan Unilever Ltd.

Hindustan Unilever (HUL), after disposing off its commercial properties, including its former headquarters last year, is now planning to put on block its residential properties and land parcels in cities such as Mumbai, Kolkata and Hyderabad, which could fetch the company a sum of over Rs 100 crore.

The company’s 18 residential properties in posh localities in South Mumbai (one 1,250 square feet flat at Cuffe Parade and an 855 sq ft flat at Altamount Road), Bandra and Parel are expected to fetch it over Rs 50 crore, while those in Kolkata, Hyderabad and other cities too could fetch similar amount.

Last year, Ajay Piramal Group had bought a one acre sea-facing property of the company at Worli in Mumbai for Rs 452.5 crore. The property was put up for sale after HUL shifted its training centre from there to its new premises at Andheri.