AUCTION: Lease Rights of Parking Stand B-17, K-2, K-66, Super Market, Saddar, Karachi Cantonment Board

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Karachi Cantonment Board is inviting bids for the auction of lease rights for parking stands under Rule 66, XXI, for the financial year 2023-2024. The auction will be held at the office of the 6th (C.O.C.) Karachi Cantonment Board on 5th September 2023 at 2:00 PM. This opportunity is open to all interested parties who wish to acquire the rights to operate and collect parking fees at designated locations within the Saddar area of Karachi. Items being auctioned: - Lease rights for Parking Stand B-17, K-2, K-66, Super Market, Saddar, Karachi Cantonment Board (Reserve Price: Rs. 4,52,40,000) The technical scope includes the management and operation of the parking stands, ensuring proper fee collection, and maintaining order at the sites. The successful bidder will be responsible for adhering to all terms and conditions set by the Karachi Cantonment Board, including compliance with local regulations and timely payment of the lease amount. Eligibility criteria require bidders to provide earnest money as specified in the notice, along with valid CNIC and any other documents requested by the board. The auction will be conducted in the presence of the board officials, and the highest bidder meeting all requirements will be awarded the lease rights. Bidders are advised to arrive early and bring all necessary documentation to avoid any last-minute issues. The submission deadline for participation is 5th September 2023 at 2:00 PM at the office of the 6th (C.O.C.) Karachi Cantonment Board. A practical tip for interested bidders: review the terms and conditions thoroughly and ensure your earnest money and documentation are complete to avoid disqualification during the auction process.