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Expired Tender
Closing Date:
2023-09-26
2023-09-26
Tender Overview
- Category
- Real Estate & Property
- Sector
- Auction
- Tender Type
- Auction
- Submission Method
- Sealed bids to be submitted in person at Model Town Society office, Lahore
- Source Name
- Newspaper
Location & Dates
Contact & Websites
- Contact Person
- Secretary
- Contact Phone
- 04235831988, 35850722
- Contact Email
- president@mts.com.pk
- Website
- www.mts.com.pk
- Original Source
- www.mts.com.pk
Actions
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Tender Description
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 sealed bids for the lease rights of a shop located at the Model Town Society Market. This auction is being conducted under the Model Town Society (1962) rules and is open to all interested parties who wish to acquire the lease for the specified shop. The auction will be held at the Model Town Society office in Lahore.
Items being auctioned:
- Lease rights for one shop in Model Town Society Market (specific shop number and size not provided in the notice)
The technical scope includes the transfer of lease rights for the shop to the successful bidder, who will be responsible for fulfilling all society rules and regulations. The auction will be conducted in the presence of the society's authorized committee, and the highest bidder will be awarded the lease, subject to approval by the competent authority. Bidders are required to submit earnest money in the form of a pay order or CDR along with their sealed bids. The auction will take place on 26-09-2023 at 11:00 AM, and the successful bidder must deposit the remaining amount by 02:00 PM on the same day at the Model Town Society office in Lahore.
Eligibility criteria include submission of valid CNIC, earnest money, and compliance with all society rules. Only those who fulfill the requirements will be allowed to participate in the auction. Bidders are advised to visit the shop location beforehand to assess its suitability and to ensure all documents are in order before the auction date. For a practical tip, ensure your pay order or CDR for earnest money is prepared in advance to avoid any last-minute issues on the auction day.
For further details, contact the Model Town Society office at the numbers provided below.
