AUCTION: Lease Rights of Cattle Market and Channab Park Bhakkar for 2026-27

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Municipal Committee Channab Nagar is inviting public bids for the lease rights of its revenue-generating sites for the financial year 2026-27. The auction will be held on 15-09-2026 at 11:00 AM at the office of the Municipal Committee Channab Nagar. Interested parties are encouraged to participate in this open auction for the following sites: - Cattle Market Bhakkar (Reserve Price: Rs. 494,000, Earnest Money: Rs. 41,200, Lease Period: 01-09-2026 to 30-06-2027) - Channab Park Bhakkar (Reserve Price: Rs. 494,000, Earnest Money: Rs. 41,200, Lease Period: 01-09-2026 to 30-06-2027) Both sites are being offered for lease for the specified period, and the successful bidder will be responsible for managing and operating the site as per the terms and conditions set by the Municipal Committee. Bidders must submit a CDR (Call Deposit Receipt) of Rs. 100,000 as earnest money along with their application. The successful bidder will also be required to pay 10% of the bid amount immediately after the auction, with the remaining amount to be deposited as per the schedule provided by the committee. All participants must bring their original CNIC and proof of registration with the Punjab Revenue Authority. The auction committee reserves the right to reject any or all bids without assigning any reason. The deadline for submission of applications and earnest money is 15-09-2026 at 11:00 AM. The auction will be conducted in the presence of the committee and interested bidders. For further details, visit the office of the Municipal Committee Channab Nagar. A practical tip: Ensure your CDR and registration documents are complete and up to date to avoid disqualification at the time of auction. The minimum annual increment for the lease is set at Rs. 87,000 for the next financial year. For any queries, contact the Chief Officer, Municipal Committee Channab Nagar.