AUCTION: Lease Rights of Parking Sites in Model Town Society Lahore

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Model Town Society Lahore is inviting interested parties to participate in the open auction for the lease rights of parking sites located at Model Town Link Road, Model Town Extension, and Model Town Park. The auction is being conducted for the financial year 1962 (as per the society's reference), and the successful bidders will be granted the right to operate and manage the designated parking areas within the society. Items being auctioned: - Lease rights for parking sites at Model Town Link Road - Lease rights for parking sites at Model Town Extension - Lease rights for parking sites at Model Town Park Interested individuals or firms can obtain the detailed auction terms and conditions from the Model Town Society office during working hours. The auction will be held on 26-09-2023 at 11:00 AM for submission of sealed bids, and the final auction proceedings will conclude at 03:00 PM on the same day. All participants must bring original CNIC and proof of earnest money deposit to be eligible for bidding. Only those who fulfill the eligibility criteria and submit the required documentation will be allowed to participate in the auction process. Earnest money and other relevant details are specified in the auction documents, which can be collected from the society office. Bidders are advised to carefully review all terms, including the duration of the lease, payment schedule, and compliance requirements. The auction committee reserves the right to accept or reject any bid without assigning any reason. A practical tip for bidders: Arrive early on the auction day to complete the registration process and review the parking sites in person, as this will help you make an informed bid and avoid last-minute issues.