NLMC Puts HIL’s 5.119-Acre Delhi Land Up for Auction

The National Land Monetisation Corporation (NLMC) has initiated the e-auction of a 5.119-acre land parcel owned by HIL (India) in Delhi, with a reserve price of ₹829.69 crore, as part of efforts to monetise surplus public sector assets.

The property is located in the Najafgarh Industrial Area along Rohtak Road, Shivaji Marg.

The proposed sale will be conducted through an online auction, with the highest bid determining the final sale price.

NLMC organised a pre-bid meeting in New Delhi on Tuesday to familiarise prospective participants with the property's location, development potential, applicable land-use provisions, eligibility criteria and auction terms.

The land parcel has approximately 140 metres of road frontage and is connected to the Delhi Metro's Green Line.

It offers development potential with a Floor Space Index (FSI) of up to 400 under applicable Transit-Oriented Development (TOD) provisions, subject to statutory conditions and requisite approvals.

Also Read: NBCC to E-Auction 262 Luxury Apartments in Delhi's Chanakyapuri

Development potential and auction terms

The property is currently designated for industrial use. Conversion to other uses is permissible, subject to applicable norms and approvals.

Bidding will take place online, with bids required to be submitted in multiples of ₹1 crore per acre. Consortium participation is permitted, with a maximum of three members.

Prospective bidders are required to furnish the earnest money deposit through a bank guarantee or NEFT/RTGS, as specified in the Request for Proposal (RFP).

Representatives of NLMC, HIL (India) and CBRE India, the transaction advisor, participated in the pre-bid meeting.

They addressed queries concerning the property, auction documents, technical and financial bid submissions, eligibility requirements and the bidding process.

Also Read: Centre to Auction 459 RINL Land Plots in Visakhapatnam

NLMC, HIL officials outline monetisation initiative

NLMC Chief Executive Officer Rohan Chand Thakur said the government has prioritised the monetisation of surplus and underutilised land assets held by Central Public Sector Enterprises (CPSEs).

He said the auction was the third publicly advertised e-auction by NLMC within the last two months.

Thakur said the corporation aims to unlock the economic value of public assets through transparent, structured and competitive processes while facilitating their productive utilisation.

He added that the HIL land parcel, given its location and development potential, presents an opportunity for eligible participants to explore its future utilisation.

The pre-bid meeting was intended to ensure clarity and informed participation in the bidding process.

HIL (India) Chairman and Managing Director Kuldeep Singh said the land being offered for outright sale represents a significant asset of the company.

He said the monetisation initiative seeks to facilitate productive utilisation of the property while providing prospective developers and eligible bidders an opportunity to participate in its future development.

NLMC is a wholly owned government company under the administrative control of the Department of Public Enterprises, Ministry of Finance.

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