Overview
- The National Land Monetization Corporation released the request for proposals on Tuesday, formally opening the e‑auction process for the Prayagraj flats.
- The offering covers 11 ready‑built two‑ and three‑bedroom flats across three neighbourhoods: five on Muir Road (Juhi Housing), four on Thornhill Road (Parivartan Housing) and two in Civil Lines (Agnipath Housing), with built areas of about 96–139 square metres.
- Key dates and requirements are laid out in the RFP: a pre‑bid meeting on November 20 at 11:00 AM, bidder registration and earnest money deposit (EMD) due by December 7 at 5:00 PM, and the online e‑auction on December 11 from 11:00 AM to 5:00 PM.
- NLMC says the sale is part of its wider asset‑monetisation drive to unlock value from underused government property and expects the Prayagraj lot to fetch about ₹25 crore as it pursues further FY27 receipts after already raising roughly ₹9,000 crore.
- Interested homebuyers and investors must register and deposit the EMD through the designated e‑auction portal where the RFP, property particulars and bidding procedures are published, a process intended to ensure transparent, technology‑led bidding and faster conversion of idle assets into revenue.