How much was raised in the second phase of the RINL land e-auction concluded on 3 November 2026?
- A.Rs 184.81 crore
- B.Rs 218 crore
- C.Rs 366.33 crore
- D.Rs 584.33 crore
Correct answer
Explanation
The correct answer is Rs 218 crore. The second phase of the land sale run by the National Land Monetization Corporation closed at Visakhapatnam on 3 November 2026, and the 114 parcels that found buyers brought in bids worth Rs 218 crore in all.
Option A, Rs 184.81 crore, is the aggregate reserve or floor price fixed for those same successful plots, not the money actually raised; the gap between the two is what produced the premium of 17.96 per cent. Option C, Rs 366.33 crore, belongs to the first phase held on 12 October 2026, when 150 parcels were sold against a floor of Rs 312.48 crore. Option D, Rs 584.33 crore, is the figure for both phases taken together, covering all 264 parcels sold so far against a combined floor of Rs 497.29 crore.
Read the full article: NLMC Phase II RINL Land Auction Fetches Rs 218 Crore
Practice Questions
The National Land Monetization Corporation (NLMC) functions under which of the following?
- A.Ministry of Steel
- B.Ministry of Commerce and Industry
- C.Department of Public Enterprises, Ministry of Finance
- D.NITI Aayog
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NLMC is a wholly government-owned company under that department, and its mandate is to spot, assess, ready and place in the market the surplus land and buildings held by central public sector enterprises and other government bodies.
Read the full explanation →How many RINL land parcels have been sold across both phases of the e-auction so far?
- A.114
- B.150
- C.264
- D.284
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The first phase, held on 12 October 2026, placed 150 parcels, and the second phase on 3 November 2026 placed another 114, so the two rounds together account for 264 parcels sold for Rs 584.33 crore against a combined reserve price of Rs 497.29 crore.
Read the full explanation →What was the highest successful bid price recorded in Phase II of the RINL land e-auction?
- A.Rs 1.80 lakh per square yard
- B.Rs 182,650 per square yard
- C.Rs 218,000 per square yard
- D.Rs 150,000 per square yard
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In the same round, the steepest margin over an individual plot's floor price came to 67.65 per cent.
Read the full explanation →Which Economic Census is to be carried out under the Economic Census component of VISTAR?
- A.6th Economic Census
- B.7th Economic Census
- C.8th Economic Census
- D.9th Economic Census
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It forms the third component of VISTAR and will be undertaken by MoSPI together with the States and Union Territories.
Read the full explanation →How many surveys will MoSPI conduct under VISTAR during the 16th Finance Commission cycle?
- A.43
- B.49
- C.59
- D.69
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Under the component called Comprehensive Statistical Operations and Strengthening of Ecosystem, the ministry proposes to conduct 59 surveys during the 16th Finance Commission cycle.
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