AUCTION: Lease Rights of Parking Stands, Shops, and Bus Stand Facilities in Mirpur AJK for 2026-2031

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Administrator Municipal Corporation Mirpur AJK invites sealed bids for the auction and lease rights of various parking stands, shops, and bus stand facilities for the period 2026-2031. This auction presents an opportunity for interested parties to secure lucrative municipal assets in Mirpur AJK, with lease terms ranging from five to as many as ten years, depending on the lot. The auction will be conducted at the Municipal Corporation office as per the schedule below. Items being auctioned: - Lot 1: General Bus Stand Parking Stand, Mirpur City, annual lease value Rs. 6,792,000, earnest money Rs. 339,600, auction date 24-08-2026 at 11:00 am - Lot 2: New Bus Stand Parking Stand, annual lease value Rs. 6,270,000, earnest money Rs. 313,550, auction date 24-08-2026 at 11:30 am - Lot 3: Shop No. 14 (32x16 ft), General Bus Stand, lease period 01-09-2026 to 31-08-2029, annual lease value Rs. 500,000, earnest money Rs. 25,000, auction date 24-08-2026 at 12:00 pm - Lot 4: Shop No. 18 (32x23 ft), General Bus Stand, lease period 01-09-2026 to 31-08-2029, annual lease value Rs. 400,000, earnest money Rs. 20,000, auction date 24-08-2026 at 12:00 pm - Lot 5: Cycle/Motorcycle Stand, General Bus Stand, annual lease value Rs. 450,000, earnest money Rs. 45,000, auction date 24-08-2026 at 12:05 pm - Lot 6: Cycle/Motorcycle Stand, New Bus Stand, annual lease value Rs. 100,000, earnest money Rs. 10,000, auction date 24-08-2026 at 12:30 pm Each lot specifies the required earnest money (Pay Order/CDR), which must be deposited before the auction. The successful bidder will be required to pay the annual lease value as per the terms and conditions set by the Municipal Corporation. All participants must bring original CNIC and proof of earnest money deposit. The auction committee reserves the right to accept or reject any bid without assigning any reason. Bidders are advised to visit the sites before the auction date to assess the facilities and potential revenue. For best results, ensure your earnest money is ready and all documentation is complete to avoid disqualification at the last moment. The auction will be held strictly as per the published schedule, and late arrivals may not be entertained.