AUCTION: Lease Rights of Parking Sites and Showrooms Gulshan-e-Iqbal Karachi 2026

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Town Municipal Corporation Gulshan-e-Iqbal Karachi is inviting sealed bids for the auction of lease rights for parking sites and showrooms located within the jurisdiction of Gulshan-e-Iqbal, Karachi. This auction provides an opportunity for interested parties to acquire the rights to operate and manage these sites for the specified period, subject to the terms and conditions outlined by the municipal authority. Items being auctioned: - Lease rights for parking sites and showrooms in Gulshan-e-Iqbal Karachi (Reserve Price: Rs. 9,00,000) The technical scope includes the management and operation of designated parking areas and showrooms, ensuring compliance with municipal regulations and providing quality services to the public. The successful bidder will be responsible for maintaining the premises, collecting parking fees, and adhering to all legal and administrative requirements as set forth by the Town Municipal Corporation. Eligibility criteria require bidders to submit earnest money equivalent to 25 percent of the reserve price in the form of a pay order or CDR, along with valid CNIC copies and proof of relevant experience if applicable. All participants must be registered taxpayers and not blacklisted by any government department. The auction will be conducted at the office of the Town Municipal Corporation Gulshan-e-Iqbal Karachi, and interested parties are encouraged to inspect the sites prior to bidding. The deadline for submission of sealed bids is 2 July 2024 at 12:00 PM, with the auction proceedings commencing shortly thereafter. Bidders should ensure all documents are complete and submitted in person at the designated office. For best results, visit the sites in advance to assess the business potential and clarify any queries with the municipal staff before the auction date.