AUCTION: Lease Rights of Plot No. 214 and 269 Sheikhupura Road Pace Mall Parking Lahore

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Bank of Punjab is inviting open auction bids for the lease rights of two prime parking plots located at Pace Mall, Sheikhupura Road, Lahore. This opportunity is ideal for bidders interested in acquiring commercial parking management rights in a high-traffic retail area. The auction will be conducted for the following properties: - Plot No. 214, measuring 269 marla, Sheikhupura Road Pace Mall Parking, Lahore (Reserve Price: Rs. 3,200,000) - Plot No. 269, measuring 159 marla, Sheikhupura Road Pace Mall Parking, Lahore (Reserve Price: Rs. 1,828,571.74) Both plots are situated in a prominent commercial zone, offering significant business potential for parking operations. The lease period and terms are as per the auction document, with the successful bidder required to comply with all legal and operational requirements. Interested parties must submit their sealed bids along with earnest money as specified in the auction terms. The auction will be held on 06-11-2026 at 2:00 PM at the Bank of Punjab, E/II, 10-B, Lahore. Bidders are advised to inspect the site and review all relevant documents before participating. Eligibility criteria include submission of valid CNIC, proof of financial capability, and compliance with the auction rules. Earnest money must be deposited via pay order or CDR in favor of Bank of Punjab. For further details, contact the undersigned or visit the office during working hours. A practical tip: Visit the site in person before the auction date to assess the commercial viability and understand the local parking demand, which can help you prepare a more competitive bid.