KDA Plans to Give Prime Karachi Land Worth Rs. 90 Billion to Private Sector

The Karachi Development Authority (KDA) has sought approval from the Sindh Local Government Department to develop land worth an estimated Rs. 90 billion under a public-private partnership (PPP) model.

KDA Director General has submitted a formal proposal requesting permission to offer several high-value land parcels to the private sector for development. A summary seeking approval has also been forwarded to the department.

The proposed land portfolio includes 28 acres near the KDA Officers Housing Society on Stadium Road, 15 acres in the KDA Staff Colony in North Karachi, and approximately four acres currently occupied by a KDA field office in the Federal Area.

Several other KDA-owned plots and properties across Karachi have also been identified for inclusion in the initiative.

If approved, the land will be developed and managed in partnership with private companies. The combined open-market value of the identified properties is estimated at around Rs. 90 billion.

KDA plans to use the revenue generated from these projects to address its growing financial difficulties. The funds are expected to help clear outstanding payments owed to retired employees, including pension liabilities, while also ensuring the timely payment of salaries to serving staff.

The proposal has, however, raised concerns among KDA employees. They fear that valuable public assets could be transferred to the private sector under the pretext of resolving the authority’s financial crisis.

KDA has urged the Sindh Local Government Department to approve the proposal so that the identified properties can be developed under the PPP framework.