Auction of tenancy rights for shops on rent only basis at Dubai Chowk, Lahore Cantt

The Lahore Cantonment Board is offering tenancy rights on a rent-only basis for shops located at Dubai Chowk, Tufail Road, Lahore Cantt. This auction is specifically for the ground floor shops numbered 02-A, 03, 04, and 05. The tenancy rights will be granted initially for a period of five years, with the possibility of extension for two additional terms under fresh conditions. The auction will be conducted under the Pakistan Cantonment Property Rules, 1957, and the revised 2024 guidelines. The monthly rent will be auctioned with an annual increase of at least 10 percent to adjust for inflation. The successful bidder must deposit earnest money amounting to PKR 1.0 million in the form of a Call Deposit, Demand Draft, or Pay Order from a scheduled bank before the auction starts. Additionally, the successful bidder will be required to pay advance rent for six months and provide security equivalent to six months rent within seven days of sanction by the competent authority. This opportunity is ideal for interested individuals or businesses with valid FBR registration and financial capability to meet the earnest money and advance rent requirements. The auction will be held on 6th May 2026 at 11:00 hours at the office of the Cantonment Board, Lahore Cantt, located at 42-Sarwar Road. In case the auction is not held on the scheduled date, it will be rescheduled to 7th or 8th May 2026 at the same venue. Bidders should ensure timely submission of earnest money and be prepared to execute a written tenancy agreement approved by the HQML&C Rawalpindi. Utility connections must be arranged by the successful bidder. A practical tip for bidders is to carefully review the auction terms and ensure all deposits are made promptly to avoid forfeiture of earnest money. This auction represents a valuable commercial leasing opportunity in a prime Lahore Cantt location.