AUCTION: Lease Rights for Jhuggi Parking, Model Town Society Lahore

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Model Town Society Lahore is inviting interested parties to participate in the open auction for the lease rights of Jhuggi Parking located at Model Town Society (1962), Lahore. This opportunity is open to all eligible individuals and firms who wish to acquire the lease for this parking site. The auction will be conducted in accordance with the society's rules and regulations, and all participants are required to fulfill the necessary documentation and deposit requirements prior to the auction date. Items being auctioned: - Lease rights for Jhuggi Parking, Model Town Society Lahore (annual lease; specific area and terms as per society's documentation) Interested applicants must submit a written application along with a copy of their CNIC and proof of deposit of the earnest money (Boli Security) to the society office. The earnest money deposit slip must be obtained from the office before the auction date. The auction will be held on 26-09-2024 at 11:00 AM at the Model Town Society office, and the successful bidder will be required to pay the bid amount as per the society's terms. In case the highest bidder fails to fulfill the requirements, the next highest bidder may be considered. The society reserves the right to reject any or all bids without assigning any reason. All interested parties are advised to visit the site prior to the auction to assess the location and facilities. The successful bidder will be responsible for compliance with all society rules and payment schedules. The last date for submission of applications and earnest money is 26-09-2024 by 2:00 PM. For further details, bidders should contact the society office during working hours. Tip: Arrive early on the auction day and ensure all your documents and earnest money receipts are in order to avoid last-minute issues. Familiarize yourself with the society's lease terms and visit the parking site beforehand for a better assessment.