AUCTION: Lease Rights of Parking Site Plot No. III, C-50, Block 18, Gulistan-e-Jauhar, 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 a major parking site located at Plot No. III, C-50, Block 18, Gulistan-e-Jauhar, 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, as per the terms set by the department. Items being auctioned: - Lease rights for Parking Site, Plot No. III, C-50, Block 18, Gulistan-e-Jauhar, Karachi (annual reserve price: Rs. 3,500,000) The parking site is situated in a prime commercial area, making it a lucrative opportunity for bidders with experience in parking management or related services. The successful bidder will be responsible for the operation, maintenance, and revenue collection from the parking site, strictly adhering to the rules and regulations outlined by the Karachi Metropolitan Corporation. The auction will be conducted in accordance with the terms and conditions specified in the notice, including the requirement for earnest money and submission of relevant documents. Eligibility criteria include submission of a pay order or CDR equivalent to 25% of the annual reserve price (Rs. 875,000), valid CNIC, and compliance with all municipal regulations. Bidders must not be defaulters of the Karachi Metropolitan Corporation. The auction will be held at the designated office, and interested parties are advised to arrive well before the scheduled time to complete registration formalities. The deadline for participation is bold 27 June 2026. All bids must be submitted in person at the office of the undersigned. For best results, bidders should ensure all required documents are complete and the earnest money is prepared in advance to avoid last-minute issues.