9,000 crore land assets monetised so far in FY27

The National Land Monetisation Corporation (NLMC) has completed land asset monetisation transactions worth ₹9,000 crore in the fiscal year 2027 (FY27), with plans to achieve another ₹5,000-6,000 crore in the current financial year, according to its CEO Rohan Chandra Thakur. This brings the total value of monetisation to an estimated ₹14,000-15,000 crore.

The NLMC, operated under the Department of Public Enterprises within the finance ministry, also maintains a pipeline of land assets worth ₹4,000-5,000 crore belonging to public sector undertakings (PSUs). The corporation has already finalized a transaction worth ₹9,000 crore this year and anticipates sealing deals worth ₹5,000-6,000 crore in the coming months.

A notable example is the successful e-auction of a 5.119-acre land parcel in Delhi, which fetched ₹829 crore, drawing interest from developers like Godrej, Omaxe, and M3M. The NLMC has also concluded two e-auctions for land parcels in Vizag, with the first plot surpassing its reserve price by 17%. The corporation is now focusing on residential flats, houses, and commercial properties for monetisation, with valuation studies underway in major cities such as Delhi, Mumbai, Prayagraj, and Kolkata.

Additionally, the NLMC is preparing various properties, including those owned by BSNL, MTNL, and PSUs under ministries of chemical and fertilisers and steel, for market listing.