Brief
Visakhapatnam steel plant land auction draws 470 bidders, sells 150 plots
The e‑auction of RINL land in Visakhapatnam attracted 470 bidders, with 150 of 256 plots sold for ₹366 crore.
By Felo News Desk · Published
Visakhapatnam: An e‑auction of land owned by Rashtriya Ispat Nigam Ltd (RINL) on Monday attracted 470 bidders, according to sources cited by Deccan Chronicle.
Out of 256 prime plots, 150 were sold for a total of ₹366 crore, surpassing the management’s expectation of ₹312.48 crore. Prices in some popular locations topped ₹1.80 lakh per square yard. The earlier phase on March 24 sold 135 plots for ₹225 crore.
The auction, overseen by the National Land Monetisation Corporation, listed 459 parcels covering 93,572.21 sq yds, with clear government titles. Quikr India acted as transaction consultant. The next auction, originally set for Oct 16, has been moved to Oct 30.
Key facts
- 470 bidders participated in the Visakhapatnam steel plant land e‑auction. (deccanchronicle.com)
- 150 of 256 plots were sold for ₹366 crore, exceeding expectations. (deccanchronicle.com)
- Price per square yard reached over ₹1.80 lakh in some locations. (deccanchronicle.com)
- The next auction has been rescheduled to Oct 30. (deccanchronicle.com)
Sources
- [1] deccanchronicle.com — originally reported as “Vizag Steel Plant Land Auction Receives Good Response”
