NLMC Schedules Investor Roadshows Ahead of E-Auction for RINL Land Parcels
Quick Brief
The National Land Monetisation Corporation (NLMC) has announced a series of investor meetings across Visakhapatnam, Vijayawada, and Hyderabad. These sessions precede the upcoming e-auction of 459 land plots belonging to RINL. The auction is scheduled to take place on RailTel's digital platform.
What Happened?
Ahead of an upcoming e-auction for 459 RINL land parcels—consisting of 456 residential plots in HB Colony and three parcels in Auto Nagar—the NLMC is organizing promotional investor meets in Visakhapatnam, Vijayawada, and Hyderabad. The property auction will be conducted via RailTel's platform.
Why It Matters
The e-auction highlights ongoing government efforts to monetize surplus public sector assets through targeted investor engagement and digital auction infrastructure.
Key Facts
- A total of 459 RINL plots are slated for the e-auction.
- The properties include 456 house plots in HB Colony and three land parcels in Auto Nagar.
- Investor meets will be held in Visakhapatnam, Vijayawada, and Hyderabad.
- The auction will be hosted on RailTel's digital platform.
- The earnest money deposit (EMD) is set at ₹2 lakh per plot.
- Bidding events are scheduled for October 12 and October 16.
What Happens Next?
The investor meets will precede the e-auctions scheduled for October 12 and October 16.
Compiled from 1 outlet
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