AUCTION: Commission-Based Nazar Park Lease Rights for Five Years (01-07-2026 to 30-06-2031)

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Municipal Committee Peer Mahal invites sealed bids for the commission-based lease rights of Nazar Park for a period of five years, starting from 01-07-2026 to 30-06-2031. The auction will be held at the office of the Municipal Committee Peer Mahal on 30-09-2026 at 11:30 AM. Interested parties are encouraged to participate in this open auction process as per the Punjab Local Government Auction Rules 2016. The successful bidder will be granted the right to operate and manage Nazar Park on a commission basis for the specified period. Items being auctioned: - Commission-based lease rights of Nazar Park for five years (01-07-2026 to 30-06-2031) - Reserve Price: Rs. 10,00,000/- - Earnest Money (10%): Rs. 1,00,000/- The technical scope includes the management, maintenance, and operation of Nazar Park, ensuring all municipal and legal requirements are met throughout the lease period. The successful bidder will be responsible for the upkeep, cleanliness, and provision of services within the park as per the terms and conditions set by the Municipal Committee Peer Mahal. Eligibility criteria require bidders to submit a pay order or CDR equivalent to 10% of the reserve price as earnest money along with their bid. Only those registered with the relevant tax authorities and not blacklisted by any government department are eligible to participate. Bids must be submitted in sealed envelopes before the auction date at the office of the Municipal Committee Peer Mahal. The auction will be conducted in the presence of the committee, and the highest bid above the reserve price will be considered for approval. Bidders are advised to visit Nazar Park prior to the auction to assess the site and prepare their financial offers accordingly. A practical tip: ensure your earnest money instrument is valid and matches the required amount to avoid disqualification at the time of bid opening.