NLMC to facilitate e-auction of 459 RINL land parcels in Visakhapatnam

What happened: NLMC announces e-auction of 459 RINL land parcels in Visakhapatnam

National Land Monetization Corporation (NLMC) announced an online e-auction of RINL (Visakhapatnam Steel Plant) land assets located in Visakhapatnam, Andhra Pradesh. NLMC stated that the offered portfolio is for outright sale and includes “clear, encumbrance-free government titles,” using a structured competitive bidding process on a digital procurement platform.

Auction size and key figures

NLMC’s announced portfolio includes the following quantitative details for the e-auction:

459 land parcels offered for outright saleTotal portfolio area: 93,572.21 square yardsIndividual plot size range: approximately 128.94 to 2,728 square yardsEarnest Money Deposit (EMD) requirement: ₹2 lakh per plot

Locations and portfolio features (examples from the notice)