{
  "id": 17990870,
  "title": "NLMC expects another ₹5,000 crore from PSU land sales by FY27-end",
  "url": "https://urgent.news/2026/11/03/nlmc-expects-another-5-000-crore-from-psu-land-sales-by-fy27-end",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T16:02:51.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/india/nlmc-expects-another-5-000-crore-from-psu-land-sales-by-fy27end-11793716408169.html"
  },
  "original_language": "en",
  "account": "The National Land Monetization Corporation (NLMC) anticipates raising an additional ₹4,000-5,000 crore from the sale of surplus land owned by central public sector enterprises (CPSEs) by the end of fiscal year 2027, on top of the ₹9,000 crore already sold. NLMC CEO Rohan Chand Thakur announced this during a pre-bid meeting for the e-auction of a 5.119-acre land parcel owned by Hindustan Lakshmi Insurance (India) Ltd, held in New Delhi. The corporation is set to launch more land parcels on the market, focusing on unused land held by ministries of telecommunications, chemicals and fertilizers, petroleum and petrochemicals, and steel. These ministries have already approached NLMC to monetize their land assets. The government aims to achieve a ₹80,000 crore target from disinvestment and public-sector asset monetization through FY27, having already realized ₹55,757.29 crore from stake sales and ₹6,366.93 crore from other monetization initiatives. Thakur emphasized that NLMC's role is limited to monetizing surplus land and building assets of CPSEs, distinct from Dipam's disinvestment program involving selling the government's stakes in these entities. The upcoming auction involves a 5.119-acre property in Najafgarh Industrial Area, with a reserve price of ₹829.69 crore. The land, designated for industrial use, offers development potential with a floor space index of up to 400, subject to statutory approvals. This marks NLMC's third publicly advertised e-auction in two months, following successful auctions of ITI Ltd and RINL land parcels.",
  "summary": "The corporation has already sold land parcels worth around ₹9,000 crore and expects fresh proceeds from surplus properties held by PSUs across four ministries.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}