AUCTION: Lease Rights of Parking Lot III, Civic Centre, Block 50, Gulshan-e-Iqbal, Karachi

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 Metropolitan Corporation is inviting bids for the lease rights of Parking Lot III, located at Civic Centre, Block 50, Gulshan-e-Iqbal, Karachi. This public auction offers an opportunity for interested parties to acquire the rights to operate and manage the designated parking facility for the specified period. The auction is being conducted under the supervision of the authorized officer, and all terms and conditions are outlined in the official notice. Items being auctioned: - Lease rights for Parking Lot III, Civic Centre, Block 50, Gulshan-e-Iqbal, Karachi (Reserve price: Rs. 5,730,000) The technical scope includes the management and operation of the parking lot, ensuring proper maintenance, security, and adherence to municipal regulations. The successful bidder will be responsible for collecting parking fees from users and maintaining the facility in accordance with the standards set by the Karachi Metropolitan Corporation. The lease period, payment schedule, and other operational details are specified in the auction documents. Eligibility criteria require bidders to submit a valid CNIC, proof of financial capability, and earnest money as specified in the notice. Bidders must not be defaulters of the Karachi Metropolitan Corporation or any other government entity. The earnest money must be deposited in the form of a pay order or demand draft as per the instructions provided. The deadline for submission of bids is 15 October 2026. Bids must be submitted in person at the office of the undersigned at the Civic Centre, Karachi. Late submissions will not be entertained. A practical tip for interested bidders: Ensure that your earnest money pay order is prepared in advance and that all required documents are complete and properly attested to avoid last-minute disqualification.