RINL land e-auction: NLMC to hold investor meets in 3 cities for 459 Visakhapatnam plots

The National Land Monetization Corporation (NLMC) on Thursday (September 17) said it will hold investor meets in three cities ahead of the e-auction of 459 land parcels owned by Rashtriya Ispat Nigam Ltd (RINL), also known as Visakhapatnam Steel Plant.The investor meetings will be held in Visakhapatnam on September 23, Vijayawada on September 24 and Hyderabad on September 25.The meetings are aimed at providing prospective investors, developers and other eligible participants with information on the land portfolio, auction process, bidding requirements and other relevant details, along with an opportunity to interact with concerned stakeholders.ALSO READ | GOCL Corporation to sell Bengaluru Ecopolis land for ₹2,261 crore, to receive ₹815 croreThe Rashtriya Ispat Nigam Ltd land portfolio comprises 459 plots spread across 93,572.21 square yards at HB Colony, Maddilapalem and Auto Nagar, Gajuwaka, in Visakhapatnam. Individual plots range from approximately 128.94 square yards to 2,728 square yards.The larger component comprises 456 residential plots at HB Colony, spread across 87,949.77 square yards. The portfolio also includes three plots at Auto Nagar, Gajuwaka, covering 5,622.44 square yards.The properties are located within established residential, commercial and industrial areas of Visakhapatnam and are being offered through an e-auction process.The land assets are being offered with clear and encumbrance-free government titles, subject to the terms and conditions of the auction. Quikr India Private Ltd (QIPL) has been appointed as the transaction consultant.ALSO READ | ITDC’s The Ashok to see ₹820 crore revamp, Samrat Hotel ₹380 croreRINL land e-auction scheduleThe e-auction will be conducted through the RailTel E-Nivida e-Procurement Platform in two sessions.The first session on October 12, 2026, will comprise 243 plots. The last date for registration and submission of Earnest Money Deposit (EMD) for Day 1 is October 8, 2026, up to 5:00 PM.The second session on October 16, 2026 will comprise 216 plots. The deadline for registration and EMD submission for Day 2 is October 14, 2026, up to 5:00 PM.The EMD is ₹2 lakh per plot. Prospective bidders are required to complete registration, Know Your Customer (KYC) formalities and EMD payment within the prescribed timelines.The NLMC operates under the administrative control of the Department of Public Enterprises, Ministry of Finance.ALSO READ | How digital property records could change home loan approvalsNational Land Monetization Corporation is a 100% Government of India-owned company under the administrative control of the Department of Public Enterprises, Ministry of Finance. NLMC has been established to facilitate the monetisation of surplus land and other non-core assets of CPSEs and other Government agencies through a structured and professional framework.

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