AUCTION: Lease Rights of Parking Stand No. 1, 2, and 51/2 at Adda Stand Okara for Financial Year 2026-27
Tender No: DIR(AMDF)VIII-62/2017
Active Tender
Closing Date:
2026-08-31
2026-08-31
Tender Overview
- Category
- Real Estate & Property
- Sector
- Auction
- Tender Type
- Auction
- Submission Method
- Sealed bids to be submitted in person at the Office Market Committee Okara before the auction date
- Estimated Cost
- Rs. 28,000,000
- Source Name
- Newspaper
Location & Dates
Contact & Websites
- Contact Person
- Administrator, Office Market Committee Okara
- Contact Phone
- 0346-7384246
Actions
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Tender Document
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.
The Office Market Committee Okara invites sealed bids for the lease rights of various parking stands at Adda Stand Okara for the financial year 2026-27. This public auction is open to all eligible parties interested in acquiring the lease rights for the specified parking locations. The auction will be conducted as per the schedule and terms outlined below.
Items being auctioned:
- Lease rights for Parking Stand No. 1, Adda Stand Okara (Reserve Price: Rs. 28,000,000, Earnest Money: Rs. 2,800,000, Registration Fee: Rs. 50,000, Auction Date: 31.08.2026)
- Lease rights for Parking Stand No. 2, Adda Stand Okara (Reserve Price: Rs. 28,000,000, Earnest Money: Rs. 2,800,000, Registration Fee: Rs. 50,000, Auction Date: 31.08.2026)
- Lease rights for Parking Stand No. 51/2, Adda Stand Okara (Reserve Price: Rs. 14,000,000, Earnest Money: Rs. 1,400,000, Registration Fee: Rs. 50,000, Auction Date: 31.08.2026)
The technical scope includes the management and operation of the parking stands for the specified period. Bidders must ensure compliance with all local regulations and the terms set by the Market Committee. The successful bidder will be responsible for the collection of parking fees and the maintenance of the allotted area.
Eligibility criteria require submission of earnest money (10% of the reserve price) in the form of CDR or pay order, along with a non-refundable registration fee. Bidders must be registered and not blacklisted by any government department. The auction will be held at the committee office on 01.09.2026 at 11:00 AM, and the highest bid will be considered for approval. In case of any dispute, the decision of the committee will be final.
Bidders are advised to visit the site before the auction date to assess the location and potential revenue. For a competitive edge, ensure all documents and earnest money are prepared in advance to avoid last-minute issues. For further details, contact the office at the number provided below.