AUCTION: Lease Rights of Parking Lot III, Bachat Bazar, Block 50, Korangi, 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 Bachat Bazar, Block 50, Korangi, Karachi. This public auction offers an opportunity for interested parties to acquire the rights to operate and manage the parking facility for a specified period. The auction will be conducted as per the rules and regulations outlined by the department, ensuring transparency and fair competition among bidders. Items being auctioned: - Lease rights for Parking Lot III, Bachat Bazar, Block 50, Korangi, Karachi (Reserve price: Rs. 4,000,000) The technical scope includes the management and operation of the parking lot, ensuring proper maintenance, security, and facilitation for users. The successful bidder will be responsible for collecting parking fees as per the approved rates and maintaining the facility in accordance with municipal standards. The lease period, terms of payment, and other operational details are specified in the auction documents available from the department. Eligibility criteria require bidders to submit a pay order or CDR equivalent to the earnest money specified, along with a copy of their CNIC and relevant experience certificates if applicable. Only those who fulfill all the terms and conditions will be allowed to participate in the auction. The auction will be held at the designated office, and all interested parties must ensure their presence before the closing date. The deadline for submission of bids is **2026-09-02 23:59:59**. A practical tip for bidders: Ensure that your earnest money pay order is prepared in advance and all required documents are complete to avoid last-minute disqualification. Visit the site beforehand to assess the business potential and operational requirements of the parking lot.