New Delhi, Sept. 19 -- The National Land Monetization Corporation (NLMC) has recommended proposals involving assets worth more than Rs 5,000 crore for monetisation, as its board stressed the need to accelerate the process of unlocking value from surplus land and building assets of government entities, according to a release by the Ministry of Finance.

The recommendation was made at the 21st meeting of NLMC's Board of Directors held on September 18, which reviewed the progress of the corporation's ongoing asset monetisation programme, financial performance and institutional initiatives.

The proposals cover surplus land and building assets identified for monetisation and are aimed at advancing the government's objective of unlocking value...