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NLMC Garners Rs 366 Crore on First Day of RINL Land E-Auction
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News18•13-10-2026, 14:30
NLMC Garners Rs 366 Crore on First Day of RINL Land E-Auction
- •The National Land Monetisation Corporation generated Rs 366.33 crore in successful bids on the opening day of its maiden e-auction of Rashtriya Ispat Nigam Limited land parcels.
- •A total of 150 plots were sold against a reserve price of Rs 312.48 crore, achieving an average premium of 17.23 per cent over baseline valuation.
- •Peak bidding valuation surpassed Rs 1.80 lakh per square yard for select locations in Visakhapatnam, reflecting robust market demand.
- •The digital bidding was conducted on RailTel's E-Nivida portal with Quikr India Private Limited serving as the transaction consultant.
- •The second and final phase covering 216 remaining land parcels is scheduled for October 30, 2026, with mandatory registrations closing on October 27, 2026.
Key Questions Answered
The National Land Monetisation Corporation recorded Rs 366.33 crore in successful bids on the first day of the e-auction, selling 150 plots against an aggregate reserve price of Rs 312.48 crore.
The second and final phase covering the remaining 216 land parcels is rescheduled to October 30, 2026, between 11:00 AM and 5:00 PM, with mandatory registrations required by October 27, 2026.
The digital bidding took place on RailTel’s E-Nivida portal, while Quikr India Private Limited served as the transaction consultant for the exercise.
