Under the Department of Public Enterprises, the agency is expanding its pipeline after generating significant revenue from public sector undertaking assets. Upcoming transactions will be bolstered by another ₹5,000 to ₹6,000 crore in expected deals, supported by a ₹4,000 to ₹5,000 crore processing pipeline. Concrete activity includes high-value auctions in Vizag and Delhi, alongside wide-ranging valuations of commercial units and housing sites owned by entities such as BSNL and MTNL.
Key points
The National Land Monetisation Corporation anticipates completing up to ₹6,000 crore in a…: The National Land Monetisation Corporation anticipates completing up to ₹6,000 crore in additional asset monetisation deals over the coming months.
Valuation work is actively progressing for residential plots, seven flats, and commercial…: Valuation work is actively progressing for residential plots, seven flats, and commercial properties located across Delhi, Mumbai, Kolkata, and Prayagraj.
The overall asset monetisation portfolio includes properties sourced from BSNL, MTNL, Ras…: The overall asset monetisation portfolio includes properties sourced from BSNL, MTNL, Rashtriya Ispat Nigam, and ministries managing steel, chemicals, and fertilisers.
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The NLMC, which is working under the aegis of the Department of Public Enterprises under the finance ministry, also has land assets worth another ₹4,000-5,000 crore belonging to public sector undertakings (PSUs) in the pipeline. These are at various stages of processing, providing an additional pipeline of potential transactions.
"We have already completed a transaction worth ₹9,000 crore in the current financial year, and in the next few months, we will close transactions worth ₹5000- 6,000 crore," NLMC CEO Rohan Chandra Thakur told ET.
He was speaking on the sidelines of a pre-bid meeting for the proposed e-auction of a 5.119-acre land parcel, worth ₹829 crore, in Delhi by state-run HIL Ltd. The plot has attracted interest from several developers, including Godrej, Omaxe and M3M.
The NLMC has just closed two e-auctions for land parcels in Vizag. The first auctioned plot, with a reserve price of ₹312 crore, realised ₹366 crore-a premium of about 17%, Thakur said.
The results of the second auction for 180 plots of Rashtriya Ispat Nigam are expected this…
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