Fire broke out in a tyre godown at Kadalbal Pampore on Wednesday afternoon, eyewitness said.
The cause of the fire, which emerged at 1:30 PM, is yet to be ascertained.
The fire tenders have been rushed to the spot to douse the flames, said an official.
No loss of life or injury was reported in the incident so far, he said.
Locals said that the property belongs to Ghulam Ahmed Lone of New Colony Kadalbal.