NLMC Invites Bids for Monetisation of HIL India's Delhi Land Parcel
The National Land Monetization Corporation (NLMC), under the Department of Public Enterprises, Ministry of Finance, has invited eligible bidders to participate in the e-tender followed by e-auction for the monetisation of a prime freehold land parcel belonging to HIL (India) Limited. The property is located in Najafgarh Industrial Area along Rohtak Road, Shivaji Marg, New Delhi, comprising approximately 5.119 acres (20,722.93 square meters) of industrial land.
The reserve price for the property has been fixed at ₹829.69 crore, with a minimum bid increment of ₹1 crore per acre. Eligible bidders must submit an Earnest Money Deposit (EMD) of ₹16.60 crore as part of the participation process. The land area is provisional and indicative, with the exact extent to be determined through a joint survey with the successful bidder.
Auction Process and Timeline
The monetization process will be conducted through a two-stage electronic process comprising e-tender followed by e-auction via the e-Nivida platform, with RailTel Corporation of India Limited providing technical assistance. The last date for registration, submission of technical bid, and EMD/bank guarantee submission is November 19, 2026, at 14:00 hours. Technical bids will be opened on November 20, 2026, at 16:00 hours, with a mock auction scheduled for November 23, 2026. The actual e-auction date will be communicated after the opening of technical bids.
A pre-bid meeting is scheduled for November 3, 2026, at 16:00 hours in Room No. 309, Block-14, Public Enterprise Bhawan, CGO Complex, Lodhi Road, New Delhi. The auction processing fee is ₹24 lakh plus GST and other applicable taxes, payable only by the H1 bidder. The sale is undertaken on an "as is where is", "as is what is", "whatever there is" and "no recourse/no complaint" basis as specified in the e-auction notification numbered NLMC/Legal/Auction/RFP-2026 dated October 8, 2026.
Context and Significance
This represents the third e-auction publicly advertised by NLMC in the last two months, indicating significant thrust on the government's land monetization plans for surplus and non-core assets of Central Public Sector Enterprises. NLMC functions under the Department of Public Enterprises, Ministry of Finance, and facilitates the monetization of surplus land and non-core assets of CPSEs and government entities through structured and transparent processes.