AUCTION: Lease Rights of Parking Site A-106/2 KMC-III 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 Metropolitan Corporation (KMC) is inviting sealed bids for the lease rights of a designated parking site, specifically Plot No. A-106/2, KMC-III, Saddar, Karachi. This auction is being conducted under the supervision of the Deputy Municipal Commissioner, District South, Karachi. The parking site is situated at a prime commercial location, offering significant business potential for interested parties. Items being auctioned: - Lease rights for Parking Site A-106/2, KMC-III, Saddar, Karachi (Area: 411.84 sq. yards) The reserve price for the annual lease is set at Rs. 1,200,000. The successful bidder will be granted the right to operate and manage the parking site for the specified period as per the terms and conditions outlined by KMC. Bidders are required to submit a pay order or demand draft equivalent to 25% of the reserve price as earnest money along with their bid documents. Only those individuals or firms who possess a valid CNIC and meet the eligibility criteria set by the department will be considered. The auction will be held at the office of the Deputy Municipal Commissioner, District South, Karachi, on 8th August 2026 at 1:00 PM. Interested parties must ensure their presence at the venue before the scheduled time to complete the registration process. It is advisable for bidders to visit the parking site in advance to assess its commercial viability and understand the operational requirements. This will help in preparing a competitive bid and ensuring compliance with all departmental regulations. For further details, bidders may contact the office during working hours. Remember to bring all necessary documents, including CNIC and proof of earnest money, on the day of the auction.