{
  "id": 18009571,
  "title": "Rs 9,000 crore land assets monetised so far in FY27",
  "url": "https://urgent.news/2026/11/03/rs-9-000-crore-land-assets-monetised-so-far-in-fy27",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T18:37:22.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/policy/9000-crore-land-assets-monetised-so-far-in-fy27/articleshow/135510610.cms"
  },
  "original_language": "en",
  "account": "The National Land Monetisation Corporation (NLMC) has successfully monetised assets worth ₹9,000 crore so far in the current financial year and is aiming for a further ₹5,000-6,000 crore, bringing the total to an estimated ₹14,000-15,000 crore. NLMC, operating under the Department of Public Enterprises within the finance ministry, also has land assets worth ₹4,000-5,000 crore from public sector undertakings (PSUs) in its pipeline, awaiting processing. NLMC CEO Rohan Chandra Thakur revealed this during a pre-bid meeting for the e-auction of a 5.119-acre land parcel in Delhi, valued at ₹829 crore, which has already drawn interest from developers like Godrej, Omaxe, and M3M. The corporation has recently completed two e-auctions for land parcels in Vizag, with one plot fetching ₹366 crore against a reserve price of ₹312 crore, marking a 17% premium. Additional auctions for Rashtriya Ispat Nigam's 180 plots are anticipated this week. The corporation is also preparing for the monetisation of residential flats, houses, and commercial properties in major cities through valuation exercises. These upcoming land parcels include assets from BSNL, MTNL, and PSUs in the chemical and fertilisers and steel ministries.",
  "summary": "The NLMC, which is working under the aegis of the Department of Public Enterprises under the finance ministry, also has land assets worth another Rs 4,000-5,000 crore belonging to public sector undertakings (PSUs) in the pipeline. These are at various stages of processing, providing an additional pipeline of potential transactions.",
  "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."
}