The National Land Monetization Corporation (NLMC), operating under the Department of Public Enterprises within the Ministry of Finance, is preparing to sell 459 land parcels belonging to Rashtriya Ispat Nigam Limited (RINL), the corporate entity that runs Visakhapatnam Steel Plant. The sale will happen through an online e-auction conducted in two separate sessions in October 2026. The corporation held an investor briefing meeting in Visakhapatnam on September 23, 2026, to explain the auction process and property details to potential buyers.
NLMC is organising a series of investor outreach meetings in Andhra Pradesh and Telangana to ensure prospective bidders understand the portfolio and bidding procedures. Additional meetings are scheduled for Vijayawada on September 24 and Hyderabad on September 25.
Key facts
- 459 land parcels totalling 93,572.21 square yards across two Visakhapatnam locations
- 456 residential plots at HB Colony, Maddilapalem covering 87,949.77 square yards
- 3 plots at Auto Nagar, Gajuwaka covering 5,622.44 square yards
- Plot sizes range from approximately 128.94 to 2,728 square yards
- Earnest Money Deposit (EMD) requirement: ₹2 lakh per auction session
- Day 1 auction: October 12, 2026, for 243 plots (11:00 AM to 7:00 PM)
- Day 2 auction: October 16, 2026, for 216 plots (11:00 AM to 7:00 PM)
- Registration and EMD deadline for Day 1: October 8, 2026 (5:00 PM)
- Registration and EMD deadline for Day 2: October 14, 2026 (5:00 PM)
- E-auction platform: RailTel E-Nivida e-Procurement Platform
- Transaction Consultant: Quikr India Pvt. Ltd.
What is being auctioned
RINL is selling surplus non-core land assets located in established residential and commercial areas of Visakhapatnam. The majority of the portfolio comprises 456 residential plots clustered in HB Colony, Maddilapalem, a developed neighbourhood with existing road networks and municipal services. A smaller portion includes three plots at Auto Nagar, Gajuwaka, an area with active commercial and industrial activity and established connectivity to the wider city.
Individual plot sizes vary significantly, ranging from just under 129 square yards to nearly 2,728 square yards. The Auto Nagar offering includes one contiguous parcel of 2,728 square yards in Block 2, and two separate residential plots in Block 3. All properties are situated in areas with pre-existing infrastructure, potentially reducing buyer costs for development.
The auction process and registration
The e-auction will be conducted online through the RailTel E-Nivida e-Procurement Platform, a government e-procurement system. The sale is divided into two separate auction days to manage the large number of plots. Prospective bidders must register and submit an Earnest Money Deposit of ₹2 lakh for each auction day they wish to participate in.
Those interested in the Day 1 auction (243 plots on October 12) must complete registration and deposit the EMD by October 8 at 5:00 PM. For the Day 2 auction (216 plots on October 16), the deadline is October 14 at 5:00 PM. All auction documents, detailed plot information, eligibility criteria, registration instructions and terms and conditions are published on the official e-auction portal at https://eauction.enivida.com/.
Why this is happening
NLMC exists to help central government enterprises and public sector agencies convert surplus real estate and non-core assets into revenue. RINL has identified these land parcels as non-essential to its steel manufacturing operations. By monetising these assets through a transparent, competitive e-auction mechanism, the steel plant can generate funds for reinvestment in core business activities. The public auction process ensures fair market valuation and equal opportunity for all interested buyers.
What this means for buyers and Visakhapatnam residents
Real estate investors, property developers and individual buyers interested in residential or commercial plots in Visakhapatnam now have access to a large portfolio of government land in established locations. The two-session auction format allows bidders to evaluate their options before committing funds. The transparent e-auction process, governed by published rules and overseen by an independent transaction consultant, aims to ensure a fair and competitive sale. Property buyers should carefully review plot sizes, locations within each locality, and applicable municipal regulations before bidding.
What happens next
NLMC and RINL will conduct investor meets in Vijayawada on September 24 and Hyderabad on September 25 to reach a wider audience of prospective bidders. The e-auction itself will take place in two sessions: Day 1 on October 12, 2026, and Day 2 on October 16, 2026. Interested parties must register and deposit EMD by the specified deadlines to participate.