AUCTION: Municipal Community Center (Shadi Hall) Lease Rights Bahawalnagar

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 Bahawalnagar is inviting open auction bids for the lease rights of its Municipal Community Center (Shadi Hall) for a period of 5 years. The auction will be held at the office of the Municipal Committee Bahawalnagar on 20-10-2026 at 11:00 AM. This is a significant opportunity for interested parties to acquire the rights to operate and manage the Shadi Hall, which is a key venue for community events in Bahawalnagar. Items being auctioned: - Lease rights of Municipal Community Center (Shadi Hall), Bahawalnagar for 5 years Reserve Price: Rs. 2,500,000 per annum Earnest Money: Rs. 500,000 Lease Period: 01-11-2026 to 31-10-2031 The successful bidder will be required to submit the earnest money in the form of a valid CDR or pay order. The auction will be conducted in accordance with the rules and policies of the Punjab Local Government and Community Development Department. Only those bidders who present a valid CNIC and a certified copy of the Shadi Hall registration card will be eligible to participate. The successful bidder must deposit 10% of the bid amount immediately after the auction, with the remaining amount to be paid as per the terms outlined in the notice. The leaseholder will be responsible for all taxes and utility charges during the lease period. Interested parties should ensure they review all terms and conditions carefully, including the requirement for a 10% annual increase in the lease amount and the provision for a 15% penalty in case of default. Bidders are advised to visit the Shadi Hall in advance to assess the facilities and potential before participating in the auction. Timely submission of earnest money and compliance with all documentation requirements will enhance your chances of securing the lease.