NLMC Preps Bidders for 459-Plot RINL Land Auction in Vizag
- What: 459 RINL plots on auction
- Scale: 93,572.21 square yards
- First EMD deadline: October 8, 2026
- Deposit: ₹2 lakh per plot
Prospective property buyers in Visakhapatnam face a critical deadline to register for one of the region's largest public land offerings. The National Land Monetization Corporation has scheduled the digital auction of 459 encumbrance-free plots owned by Rashtriya Ispat Nigam Limited, the corporate parent of Visakhapatnam Steel Plant. Bidding runs across two dedicated phases on October 12 and October 16, 2026.
The portfolio spans 93,572.21 square yards across prime residential and commercial corridors, including HB Colony, Maddilapalem, and Auto Nagar in Gajuwaka. Individual parcel sizes range from 128.94 to 2,728 square yards, accommodating both individual investors and commercial builders. To qualify for bidding, participants must furnish an earnest money deposit of ₹2 lakh per plot via the RailTel E-Nivida portal.
To prevent technical bottlenecks during live bidding, the corporation completed dual physical and online mock auction simulations this week. Phase one bidders must finalize registration and earnest money submission by 5:00 PM on October 8, while second-phase participants have until October 14. Transaction consultant Quikr India is managing the auction workflow alongside government monitors.
The sale serves as a major operational test for the state monetisation agency, created under the Department of Public Enterprises to unlock under-utilised public assets. Transferring non-core industrial holdings into commercial development provides transparent price discovery while generating non-debt revenue for state enterprise balance sheets.
Frequently Asked Questions
What is the total land area being auctioned by RINL?
RINL is auctioning 459 land parcels covering an aggregate area of 93,572.21 square yards across Visakhapatnam.
When is the registration and EMD deadline for the RINL auction?
Registration and deposit submissions close at 5:00 PM on October 8, 2026, for phase one, and at 5:00 PM on October 14, 2026, for phase two.
What is the earnest money deposit required per plot?
Prospective bidders must deposit ₹2 lakh per plot through the RailTel E-Nivida platform to qualify for the auction.
Where are the RINL auction plots located?
The encumbrance-free plots are located in prime Visakhapatnam neighborhoods, including HB Colony, Maddilapalem, and Auto Nagar in Gajuwaka.
Source
Press Information Bureau Release ID 2320286, Ministry of Finance · 2026-10-07
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