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NLMC to E-Auction 11 Government Flats in Prayagraj

The National Land Monetization Corporation has issued an RFP for the e-auction of 11 government residential flats in Prayagraj, with bidding set for 11 December 2026.

By Published · 2 min read
NLMC to E-Auction 11 Government Flats in Prayagraj — GK24 title card

Why in News

On 10 November 2026 the Ministry of Finance announced that the National Land Monetization Corporation had released the RFP for an e-auction of 11 government residential flats in Prayagraj, to be conducted on 11 December 2026.

The National Land Monetization Corporation (NLMC) has issued a Request for Proposal for the e-auction of 11 government-owned residential flats in Prayagraj, Uttar Pradesh. The document was released on 5 November 2026 and the announcement came through the Ministry of Finance on 10 November 2026. NLMC is a wholly owned Government of India company placed under the administrative control of the Department of Public Enterprises in the Ministry of Finance.

Where the flats are

The flats are ready-built units spread over three established housing schemes of the city, and buyers may choose between two-bedroom and three-bedroom homes. Five flats lie in the Juhi Housing Scheme on Muir Road, four in the Parivartan Housing Scheme on Thornhill Road, and two in the Agnipath Housing Scheme on T. B. Sapru Road in Civil Lines.

The eleven flats

Housing schemeLocationFlatsType
Juhi Housing SchemeMuir Road52 BHK
Parivartan Housing SchemeThornhill Road42 BHK and 3 BHK
Agnipath Housing SchemeT. B. Sapru Road, Civil Lines23 BHK

Sizes and schedule

The five Juhi flats have built-up areas of roughly 107 to 108 square metres. The four Parivartan flats range from about 106 to 139 square metres, while the two Agnipath flats measure about 96 and 112 square metres. A pre-bid meeting is fixed for 20 November 2026 at 11 in the morning, where bidders may seek clarity on eligibility, documents and payment terms. Registration and the earnest money deposit must be completed by 7 December 2026, and the online auction will run on 11 December 2026 from 11 in the morning to 5 in the evening on a digital auction platform.

Why NLMC matters

  • NLMC was set up to monetise surplus land and building assets of central public sector enterprises and other government bodies.
  • Its mandate flows from the Government of India's wider asset monetisation push, which seeks to unlock value locked in idle public property.
  • Homebuyers, individual investors and other eligible bidders may take part in this transparent, technology-driven sale.
  • Prayagraj's offer is part of a continuing effort to put under-used public assets to productive use rather than let them stand vacant.

Important Facts

BodyNational Land Monetization Corporation (NLMC)
UnderDepartment of Public Enterprises, Ministry of Finance
Assets offered11 government residential flats in Prayagraj, Uttar Pradesh
Housing schemesJuhi (Muir Road), Parivartan (Thornhill Road), Agnipath (Civil Lines)
RFP released5 November 2026
Pre-bid meeting20 November 2026
E-auction date11 December 2026
MandateMonetising surplus land and building assets of CPSEs and government entities

Exam Point of View

Remember NLMC's full name, that it is a wholly owned Government of India company under the Department of Public Enterprises in the Ministry of Finance, its asset monetisation mandate, and the Prayagraj numbers: 11 flats in three housing schemes, pre-bid meeting on 20 November 2026 and e-auction on 11 December 2026.

Practice Questions

Q1.EconomyMedium

The National Land Monetization Corporation (NLMC) functions under the administrative control of which department?

  1. A.Department of Public Enterprises, Ministry of Finance
  2. B.Department of Land Resources, Ministry of Rural Development
  3. C.Department of Economic Affairs, Ministry of Finance
  4. D.Ministry of Housing and Urban Affairs
Show answer
Correct answer: A. Department of Public Enterprises, Ministry of Finance

NLMC is a wholly owned Government of India company placed under that department, and it was set up to monetise surplus land and building assets of central public sector enterprises and other government entities in line with the national asset monetisation push.

Frequently Asked Questions

How many flats is NLMC auctioning in Prayagraj and where?

Eleven ready-built flats in three housing schemes: five in the Juhi Housing Scheme on Muir Road, four in the Parivartan Housing Scheme on Thornhill Road and two in the Agnipath Housing Scheme on T. B. Sapru Road in Civil Lines.

Under which ministry does NLMC function?

The Ministry of Finance. The National Land Monetization Corporation is a wholly owned Government of India company under the administrative control of the Department of Public Enterprises in that ministry.

When will the Prayagraj e-auction be held?

On 11 December 2026, from 11 in the morning to 5 in the evening. A pre-bid meeting is scheduled for 20 November 2026, and registration with the earnest money deposit must be completed by 7 December 2026.

Sources

Useful for:SSCSSC CGLIBPS