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New Delhi: The National Land Monetization Corporation (NLMC) has invited bids for the e-auction of 11 government-owned residential flats across three locations in Prayagraj, Uttar Pradesh, with the online auction scheduled for December 11.
The Request for Proposal (RFP) for the auction was released on November 5, inviting prospective homebuyers, individual investors and other eligible bidders to participate in the process.
The flats are located on Muir Road, Thornhill Road and T B Sapru Road in Civil Lines, across the Juhi, Parivartan and Agnipath housing schemes.
Of the total 11 flats, five are in the Juhi Housing Scheme on Muir Road, with built-up areas ranging from 107 to 108 square metres. Four flats in the Parivartan Housing Scheme on Thornhill Road have areas ranging from 106 to 139 square metres, while the remaining two in the Agnipath Housing Scheme at T B Sapru Road, Civil Lines, measure approximately 96 and 112 square metres.
The properties comprise two-bedroom and three-bedroom residential units, with the Juhi scheme offering five 2-BHK flats, Parivartan having a mix of 2-BHK and 3-BHK units and Agnipath comprising two 3-BHK flats.
"These properties present an opportunity for prospective homebuyers seeking residential accommodation in established neighbourhoods of Prayagraj, as well as investors exploring long-term residential property ownership," an official statement said.
A pre-bid meeting has been scheduled for November 20 at 11 am to address queries from prospective bidders regarding the auction process, eligibility criteria, documentation requirements and payment procedures.
The last date for registration and submission of earnest money deposit (EMD) is December 7, 2026, by 5 pm.
The e-auction will be conducted through a digital platform on December 11 between 11 am and 5 pm, allowing eligible participants to submit competitive bids in accordance with the terms and conditions specified in the RFP.
NLMC, a wholly-owned government company under the administrative control of the Department of Public Enterprises (DPE), Ministry of Finance, was established to facilitate monetisation of surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other government entities.
The initiative is part of the government's broader asset monetisation objectives aimed at putting surplus and underutilised public assets to productive use.
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