Rs 9,000 crore land assets monetised so far in FY27

Benchmarks Nifty23,810.85370.05FEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return17.99 % Invest NowFEATURED FUNDS★★★★★UTI Aggressive Hybrid Fund Regular Plan-Growth5Y Return9.04 % Invest NowEnter search text:

The Economic Times daily newspaper is available online now. Read Today's Paper Rs 9,000 crore land assets monetised so far in FY27ET BureauLast Updated: Nov 04, 2026, 12:19:00 AM ISTSynopsis

The NLMC, which is working under the aegis of the Department of Public Enterprises under the finance ministry, also has land assets worth another Rs 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.

Listen to this article in summarized format

Loading...×New Delhi: The National Land Monetisation Corporation (NLMC) has completed asset monetisation transactions worth ₹9,000 crore and is targeting another ₹5,000-6,000 crore in this financial year, which will take the cumulative value of monetisation to about ₹14,000-15,000 crore, its chief executive said.

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.

Live Events

The results of the second auction for 180 plots of Rashtriya Ispat Nigam are expected this week.

Beyond large land parcels, the NLMC is preparing residential flats, houses and commercial properties across cities for monetisation. Valuation exercises are underway for residential properties in Delhi, Mumbai, Prayagraj and Kolkata. A separate exercise covers seven residential flats and one commercial property in Delhi and Mumbai. Thakur said that the proposed land parcels include those from BSNL, MTNL and PSUs under ministries of chemical and fertilisers and steel.

ET first reported in August that the DPE had given its final approval on monetising property worth ₹13,500 crore, clearing the way for the NLMC to take a clutch of high-value properties of MTNL, BSNL and Rashtriya Ispat Nigam to the market.
Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onmtnlNational Land Monetisation Corporationfinance ministryRohan Chandra ThakurM3MOmaxe LtdGodrej Propertyhil ltdomaxe
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onmtnlNational Land Monetisation Corporationfinance ministryRohan Chandra ThakurM3MOmaxe LtdGodrej Propertyhil ltdomaxe Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition

• Some elections matter more than you know: No crop changed in the fields, yet sugar, coffee and soya got cheaper in a day

• You can buy a walkie-talkie online. But can you legally use it?

• KYB and KYC: Quick commerce, the Damani premium and what DMart must deliver – 3rd and concluding part

• KYC and KYB: Inside Damani’s DMart, the retail chain for the middle class. And stock for the long term? – Part 2 of 3

• Will it be a regulatory nightmare if an exchange lists on its own platform?

• KYC and KYB: Inside Damani’s Avenue Supermarts that refuses to charge more – Part 1 of 3

• 1
• 2
• 3

View all StoriesContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories
& personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions &
in-depth stock reportsSubscribe NowET

Unlock Access to All Exclusives with ETPrime FREE TRIAL

15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers

Trial offer expiring in00 : 05 : 00

I'd rather pay ₹2599 now

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Prime Account Detected!

It seems like you're already an ETPrime member with

Login using your ET Prime credentials to enjoy all member benefits

Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.

Unlock ETPrime's Exclusive Stories Today!

Big Price Drop! Flat 40% Off

Student Only OfferAlready a Member? Sign In nowAlready a Member? Sign In nowAlready a Member? Sign In now

Offer Exclusively For You

Save up to Rs. 700/-

ON ET PRIME MEMBERSHIP

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get Flat 40% Off

Then ₹ 1749 for 1 year

Avail Offer

Offer Exclusively For You

ET Prime at ₹ 49 for 1 month

Then ₹ 1749 for 1 year

Avail Offer

Special Offer

Get flat 40% off on ETPrime

Avail OfferAvail OfferClaim NowAlready a Member? Sign In now

Need Assistance?

Connect with an ETPrime expert for personalized support and guidance

+91 9484700004'; }); } if(listing) { var h3 = "You tried reading " + listArr.length + " locked stories in the past " + threshold + " days.", h4 = "Become an ET Prime member and don't miss out on these exclusive stories."; var html = '

' + h3 + '

' + h4 + '

' + listing + '

'; $('#paidSCWidget').html(html); var callback = $('#paidSCWidget').attr('data-callback'); if(callback && window[callback]) { window[callback](); } customDimension.dimension72 += ' | Shown SYFT no Trial_With Missed Paywalled Articles Collection'; } else { _processNormal() } } }); } else { _processNormal(); } } catch (e) { _processNormal(); } }, function () { _processNormal(); }); //console.log('storyCollectionLoad', $); }

What’s Included with

ETPrime Membership

1Exclusive Insights That Matter

Uncover the truth with our investigative stories

Make strategic moves using the real-world case studies

Read industry-specific stories to identify emerging trends

Spot opportunities with
in-depth insights that matter

• Trump temper on H-1B visas is forcing Indians to do these things to stay put in US

  What Adani’s US indictment means for India Inc’s overseas fundraising

• Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.

  Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?

• Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?

  The problem with lab grown diamonds

• Why a falling rupee is a better option for the economy

  A list of top 20 momentum stocks that have delivered massive returns in one year

2Invest Wisely With Smart Market Tools & Investment Ideas

Alpha Trade

Get daily trade ideas from SEBI-registered research analysts.

Investment Ideas

Grow your wealth with stock ideas & sectoral trends.

Stock Reports Plus

All-in-one stock research with Stock Score, peer comparison & key signals.

BigBull Portfolio

Get to know where the market bulls are investing to identify the right stocks.

Stock Analyzer

Check the score based on the company's fundamentals, solvency, growth, risk & ownership to decide the right stocks.

Market Mood

Analyze the market sentiments & identify the trend reversal for strategic decisions.

Stock Talk Live at 9 AM Daily

Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.

3Stay informed anytime, anywhere with ET ePaper

ePaper - Print View

Read the PDF version of ET newspaper. Download & access it offline anytime.

ePaper - Digital View

Read your daily newspaper in Digital View & get it delivered to your inbox everyday.

Wealth Edition

Manage your money efficiently with this weekly money management guide.

TOI ePaper

Read the PDF version of TOI newspaper. Download & access it offline anytime.

Deep Explainers

Explore the In-depth explanation of complex topics for everyday life decisions.

Health+ Stories

Get fitter with daily health insights committed to your well-being.

Personal Finance+ Stories

Manage your wealth better with in-depth insights & updates on finance.

5Enjoy Complimentary Subscriptions From Top Brands

Stream new documentaries from all across the world every day.

Stories you might be interested in