AUCTION: Lease Rights of General Bus Stand Parking, Mandi Bahauddin for FY 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. The Municipal Committee Mandi Bahauddin is inviting sealed bids for the lease rights of the General Bus Stand Parking for the financial year 2026-27. This auction is being conducted to grant the successful bidder the right to collect parking fees and manage the parking facility at the General Bus Stand, Mandi Bahauddin, from 01-10-2026 to 30-06-2027. Interested parties are encouraged to participate in this open auction process, which will be held at the office of the Municipal Committee. Items being auctioned: - Lease rights for General Bus Stand Parking, Mandi Bahauddin (Reserve Price: Rs. 345,000, Earnest Money: Rs. 34,500, Auction Participation Fee: Rs. 10,000) The technical scope includes the management and operation of the parking facility, ensuring proper fee collection, maintenance of order, and adherence to the terms set by the Municipal Committee. The successful bidder will be responsible for all operational aspects during the lease period. Bidders must submit a Call Deposit Receipt (CDR) equivalent to 10% of the reserve price as earnest money, along with the auction participation fee. Only those who deposit the required earnest money and fee will be eligible to participate in the auction. The auction will be held on 24-09-2026 at 11:00 AM at the Municipal Committee office. Bidders are advised to bring all necessary documents, including proof of identity and financial capability. The highest bid above the reserve price will be considered for award, subject to approval by the competent authority. A practical tip: Arrive early on the auction day to complete registration and review the terms and conditions thoroughly, as this will help you avoid last-minute issues and ensure your eligibility for participation.