Business · India Bureau
NLMC to conduct investor roadshow ahead of RINL property e-auction
The National Logistic and Maritime Corporation will hold investor meetings in three Andhra Pradesh cities before auctioning 459 residential and commercial plots. The e-auction is scheduled for October 12 and 16 on RailTel's platform.
LSN India ·
The National Logistic and Maritime Corporation (NLMC) will organise investor engagement sessions in Visakhapatnam, Vijayawada, and Hyderabad to brief prospective bidders ahead of an e-auction of 459 RINL properties, according to official announcements.
The auction will comprise 456 house plots in HB Colony and three parcels in Auto Nagar, with bidding scheduled for October 12 and 16 on the RailTel e-auction platform. Interested participants will be required to deposit an earnest money deposit (EMD) of ₹2 lakh per plot.
The pre-auction investor meets aim to familiarise buyers with property specifications, auction procedures, and bidding protocols. The roadshow format allows NLMC to address queries and clarify terms before the online sale commences.
These properties represent significant liquidation from RINL's asset portfolio. The staggered auction dates and multiple investor sessions reflect NLMC's strategy to maximise participation and ensure transparency in the disposal process.
Potential bidders are advised to review tender documents and property details available on the RailTel auction portal ahead of the scheduled sale dates.