- RFP released on 5 November 2026 for residential property at Poonamallee High Road, Kilpauk, Chennai, with a reserve price of ₹1.64 crore
- Corrigendum issued on 13 November 2026 revising the Pre-Bid Meeting to 28 November 2026 at 11:00 AM
New Delhi. : The National Land Monetization Corporation (NLMC), a wholly owned Government of India company under the Department of Public Enterprises (DPE), Ministry of Finance, has announced the e-auction of a residential flat located at Poonamallee High Road, Kilpauk, Chennai, Tamil Nadu.
The Request for Proposal (RFP), bearing No. NLMC/2026/01, was released on 5 November 2026 as part of NLMC’s initiative for the e-auction of 12 residential flats located in Prayagraj, Uttar Pradesh, and Chennai, Tamil Nadu.
The residential property at Kilpauk, Chennai, has a reserve price of ₹1.64 crore and offers prospective buyers an opportunity to acquire a residential asset in an established locality of the city through a transparent and competitive e-auction process.
Pre-Bid Meeting Rescheduled to 28 November 2026
NLMC has issued Corrigendum 1 dated 13 November 2026, revising the date of the Pre-Bid Meeting from 20 November 2026 to 28 November 2026 at 11:00 AM.
The Pre-Bid Meeting will provide prospective bidders with an opportunity to seek clarifications regarding the property, eligibility requirements, registration procedures, Earnest Money Deposit (EMD), bidding process and other provisions of the RFP.
NLMC has clarified that all other terms and conditions of the RFP, including the remaining prescribed timelines, shall remain unchanged.
Key Details of the E-Auction
| Particulars | Details |
| Property Location | Poonamallee High Road, Kilpauk, Chennai, Tamil Nadu |
| Property Type | Residential Flat |
| Reserve Price | ₹1.64 crore |
| RFP Release Date | 5 November 2026 |
| Corrigendum Issued | 13 November 2026 |
| Revised Pre-Bid Meeting | 28 November 2026, 11:00 AM |
| Earnest Money Deposit (EMD) | ₹50,000 |
| Last Date for Registration and EMD Submission | 7 December 2026 |
| E-Auction Portal | https://eauction.enivida.com |
Opportunity for Prospective Homebuyers
Located in Kilpauk, one of Chennai’s established residential neighbourhoods, the property offers an opportunity for homebuyers and interested investors seeking residential real estate in a well-connected part of the city.
Prospective bidders are encouraged to review the RFP and relevant property documents carefully. Interested buyers may also visit and inspect the property, subject to the arrangements and conditions prescribed by NLMC, before participating in the e-auction.
NLMC is undertaking publicity and outreach initiatives through newspaper advertisements, radio, digital platforms and other communication channels to ensure wider dissemination of information and encourage participation from prospective buyers.
Advancing Transparent Asset Monetisation
The proposed e-auction forms part of NLMC’s continued efforts to facilitate the monetisation of surplus and underutilised public assets through transparent, competitive and technology-enabled processes.
By providing a structured digital auction platform, NLMC aims to enhance market participation, facilitate competitive price discovery and ensure efficient utilisation of public assets.
Interested bidders are advised to refer to the RFP and Corrigendum 1 for complete details regarding the property, participation requirements, applicable terms and conditions and the revised Pre-Bid Meeting schedule.
About NLMC
The National Land Monetization Corporation (NLMC) is a wholly owned Government of India company under the administrative control of the Department of Public Enterprises, Ministry of Finance. NLMC was established to facilitate the monetisation of surplus and underutilised land and building assets of Central Public Sector Enterprises (CPSEs) and other Government entities.
Through structured transaction processes, transparent e-auctions and market-oriented approaches, NLMC seeks to unlock the economic potential of public assets and support their productive utilisation.
