IMG recommends ₹1,100 crore asset monetisation proposals for CPSE surplus land
Synopsis
India's Inter-Ministerial Group has cleared asset monetisation proposals worth over ₹1,100 crore — mostly idle CPSE land and buildings — for Cabinet-level approval. It is a fresh push under the National Monetisation Pipeline, with the National Land Monetization Corporation set to run the competitive sale process once the Alternative Mechanism signs off.
Key Takeaways
The Inter-Ministerial Group (IMG) has recommended asset monetisation proposals worth over ₹1,100 crore on 5 November 2026 .
Proposals primarily involve surplus land and building assets of Central Public Sector Enterprises ( CPSEs ).
The IMG was chaired by the Secretary, DPE and co-chaired by the Secretary, DoT .
Proposals will now go to the Cabinet-delegated Alternative Mechanism (AM) for final approval.
The National Land Monetization Corporation (NLMC) , set up after the Union Budget 2021–22 , will facilitate the transaction process.
The Inter-Ministerial Group (IMG) has recommended asset monetisation proposals involving assets valued at over ₹1,100 crore for consideration and approval by the Alternative Mechanism (AM), the government announced on Thursday, 5 November 2026. The proposals primarily concern surplus land and building assets of Central Public Sector Enterprises (CPSEs) identified for monetisation, according to a Finance Ministry statement.
What the IMG Has Recommended
The IMG, chaired by the Secretary, Department of Public Enterprises (DPE) and co-chaired by the Secretary, Department of Telecommunications (DoT), has flagged underutilised CPSE assets for unlocking latent economic value. The recommended proposals will now be placed before the Cabinet-delegated Alternative Mechanism for consideration and final approval. Following the requisite clearances, further monetisation activities will be undertaken in accordance with prescribed procedures.
Role of the National Land Monetization Corporation
The National Land Monetization Corporation (NLMC), a wholly owned Government of India company under the administrative control of the Department of Public Enterprises, Ministry of Finance, is the specialised institution facilitating this process. Established pursuant to the Union Budget 2021–22 announcement, NLMC provides professional transaction advisory, due diligence, valuation, and transparent competitive monetisation processes for surplus land and other non-core assets of CPSEs and government entities.
Why This Matters for Public Asset Management
The recommendations mark what the Finance Ministry described as an important milestone in the government's efforts to unlock value from surplus and underutilised public assets. India's broader asset monetisation programme — anchored by the National Monetisation Pipeline (NMP) launched in 2021 — targets systematic realisation of economic potential from public assets through professional transaction preparation and competitive price discovery. This latest IMG cycle reflects the growing momentum of that programme.
What Happens Next
Once the Alternative Mechanism clears the proposals, concerned ministries, departments, and asset-owning entities will proceed with market-facing monetisation processes under NLMC's advisory framework. The initiative, the Finance Ministry noted, is intended to support broader investment and economic development by channelling value from idle public assets back into productive use. Observers will watch whether the AM approvals translate swiftly into completed transactions — historically, the gap between recommendation and final monetisation has been a persistent bottleneck.
Point of View
100 crore headline is modest relative to the ambition of the National Monetisation Pipeline, which originally targeted ₹6 lakh crore over four years — suggesting that CPSE land monetisation remains a slow-moving process despite institutional scaffolding. The IMG-to-AM-to-transaction pipeline has historically accumulated delays at each gate, and the Finance Ministry's statement is careful to say proposals will be 'placed before' the AM, not that approvals are imminent. The real test of NLMC's value is not recommendations but completed transactions at competitive prices — a metric the government has not consistently published. Until transparent deal-level disclosures become routine, the programme's impact on public finances will remain hard to verify independently.
NationPress
5 Nov 2026
Frequently Asked Questions
What is the Inter-Ministerial Group (IMG) asset monetisation recommendation?
The IMG has recommended asset monetisation proposals involving assets valued at over ₹1,100 crore, primarily surplus land and building assets of Central Public Sector Enterprises, for approval by the Cabinet-delegated Alternative Mechanism. The announcement was made by the Finance Ministry on 5 November 2026.
What is the National Land Monetization Corporation (NLMC)?
The NLMC is a wholly owned Government of India company under the Department of Public Enterprises, Ministry of Finance, established after the Union Budget 2021–22 announcement. It provides professional transaction advisory, due diligence, valuation, and competitive monetisation services for surplus land and non-core assets of CPSEs and government entities.
What happens after the IMG recommendation?
The recommended proposals will be placed before the Cabinet-delegated Alternative Mechanism for consideration and approval. Once cleared, further monetisation activities — including market-facing transactions managed by NLMC — will proceed in accordance with prescribed procedures.
Which assets are covered under these monetisation proposals?
The proposals primarily relate to surplus land and building assets held by Central Public Sector Enterprises that have been identified as underutilised. These non-core assets are targeted for competitive sale or lease to unlock their economic value.
How does this fit into India's broader asset monetisation programme?
This is part of the National Monetisation Pipeline (NMP) launched in 2021, which seeks to systematically unlock value from surplus and underutilised government assets. The IMG's latest recommendations reflect what the Finance Ministry described as growing momentum in this programme.
