AUCTION: Lease Rights of C-16 Parking Site, KDA Scheme 36, Karachi

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Karachi Development Authority (KDA) invites interested parties to participate in the open auction for the lease rights of the C-16 parking site located in KDA Scheme 36, Karachi. This auction is being conducted under the supervision of the authorized officer, Mr. Saad Qureshi, and is open to all eligible bidders who meet the specified requirements. The parking site is situated at Plot No. 118/3/A, Block C, KDA Scheme 36, Gulistan-e-Jauhar, Karachi, and offers a significant commercial opportunity for parking management and revenue generation in a high-traffic area. Items being auctioned: - Lease rights for C-16 Parking Site, Plot No. 118/3/A, Block C, KDA Scheme 36, Gulistan-e-Jauhar, Karachi (Reserve Price: Rs. 4,500,000, FSV: Rs. 3,600,000) The technical scope includes the management and operation of the parking site as per KDA regulations. The successful bidder will be responsible for maintaining the site, collecting parking fees, and ensuring smooth operations throughout the lease period. The auction is open to individuals and firms holding a valid CNIC, and all participants must submit earnest money as specified in the notice. The auction will be held at the KDA office, and the highest bidder meeting all requirements will be awarded the lease rights. Interested parties must bring their original CNIC and submit a pay order for the earnest money before participating. The deadline for submission and participation in the auction is 08-08-2024. Bidders are advised to visit the site beforehand to assess the commercial potential and prepare their financial offers accordingly. A practical tip: Ensure your pay order and documentation are complete and arrive early on the auction day to avoid last-minute issues, as the process is strictly time-bound and competitive.