AUCTION: Lease Rights of 120x80 Ft Open Plot (Restaurant Construction) Canal View Park Municipal Committee Mandi Bahauddin

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 open public auction bids for the lease rights of an open plot measuring 120x80 feet, located at Canal View Park, Mandi Bahauddin. The successful bidder will be granted the right to construct and operate a restaurant (restaurant construction rights) on this prime plot for a lease period extending up to the financial year 2025-2026, as per the terms and conditions set by the committee. Items being auctioned: - Open plot (120x80 ft) at Canal View Park, Mandi Bahauddin (for restaurant construction and operation) - Reserve price: Rs. 600,000 per annum - Minimum bid (zamanat): Rs. 720,000 per annum The plot is situated at a prominent location within Canal View Park, making it ideal for a restaurant business. The lease will be awarded to the highest bidder through a transparent open auction process. The successful bidder must deposit 10 percent of the annual lease amount as earnest money on the spot, with the remaining amount payable as per the lease agreement. The lease agreement will be finalized after approval from the competent authority, and the lessee will be responsible for obtaining all necessary NOCs and permissions for construction and operation. Interested parties must submit their bids in person at the office of the Municipal Committee Mandi Bahauddin by 11:00 AM on 19-10-2026. The auction will be conducted in the presence of the committee officials. Bidders are advised to carefully review the lease terms, grace period provisions, and ensure timely submission of all required documents. A practical tip: visit the site in advance to assess the location and prepare your business plan, as a strong proposal can help secure committee approval after the auction. For further details, contact the Chief Officer at the Municipal Committee office.