Karnataka Municipal Council Launches Major Online E-Auction for Shops, Bus Stand Units & LIC Complex Properties
The Krishnarajapete Town Municipal Council (TMC) in Mandya district has officially released a major e-auction notification for 48 commercial properties, opening investment opportunities across multiple commercial zones including bus stands, LIC complexes, and municipal shopping units.
The auction will be conducted through the Karnataka Public Procurement Portal (KPPP), allowing bidders to participate fully online.
Official portal: https://kppp.karnataka.gov.in
Auction Authority
The auction is being conducted by:
Krishnarajapete Town Municipal Council
Under the Government of Karnataka municipal leasing framework.
Total Properties in E-Auction
A total of 48 commercial units are included in this auction.
Notice
Category-wise breakdown:
- Anganwadi / Market Complex Shops
- Bus Stand Commercial Units (KSRTC / local bus stand area)
- LIC Complex Shops (Part-1 and Part-2 blocks)
- First Floor Commercial Units
- Road-facing & Non-road-facing shops
- Reserved category commercial units
These include both ground floor and first floor retail spaces spread across prime municipal locations.
EMD (Earnest Money Deposit)
- ₹20,000 per property (mandatory for each bid)
- Must be paid online before participation
- Separate EMD required for each selected unit
Important Dates
- Auction Start Date: 29 June 2026
- Auction End Date: 30 June 2026 (till 5:30 PM)
- Tender ID: DMA/2026-27/AUCTION6649
All bidding must be completed within the specified time window.
Auction Platform
All bids will be processed through:
KPPP Karnataka E-Procurement Portal
Participants must register and complete online verification before placing bids.
Property Highlights
The auction includes a wide range of commercial units:
- Shop sizes ranging from small kiosks to 149 sq.m commercial spaces
- Premium LIC complex units with high visibility
- Bus stand shops with high daily footfall
- Non-road-facing discounted units
- First-floor retail and office-style spaces
Reserve Price Overview
- Starting prices: ₹30,000 onwards
- High-value units: ₹1,45,500+ range
- Pricing varies based on location, size, and category
- Additional government taxes and charges applicable (18% GST where applicable)
Key Terms & Conditions
- Lease tenure typically up to 12 years
- Monthly rent must be paid on time
- Late payment penalty applicable
- Non-payment for 6 months may lead to cancellation
- Sublease or transfer not allowed without approval
- Government reserves right to cancel or modify auction terms
- Bidders must submit valid KYC documents
- Properties must be used for approved commercial purposes only
Important Compliance Rules
- EMD is non-refundable for unsuccessful bidders
- Bidder must follow Karnataka municipal leasing rules
- Illegal or unauthorized usage will result in termination
- Properties must be vacated after lease completion if not renewed
Contact Information
Final Summary
The Krishnarajapete TMC e-auction presents a major commercial leasing opportunity with 48 properties, including bus stand shops, LIC complex units, and municipal market spaces. With a low entry EMD of ₹20,000 and fully online bidding via KPPP, this auction is expected to attract traders, investors, and small business owners.
