Auction of Tenancy Rights for Shops No. 01 & 02 Sherpao Bridge Lahore Cantt

This auction notice from the Pakistan Cantonment Board Lahore invites interested parties in Lahore Cantt to bid for tenancy rights of shops located at Sherpao Bridge. The auction concerns shops No. 01 and 02, situated on the ground floor, with tenancy rights offered on a rent-only basis. The auction will be held at the Cantonment Board office at 42-Sarwar Road, Lahore Cantt, on 25 March 2026 at 11:00 hours. The monthly rent will be auctioned with an annual increase of at least 10 percent to adjust for inflation. The tenancy is initially for five years, extendable for two more terms under fresh conditions. Bidders must deposit an earnest money of Rs. 1 million via Call Deposit Receipt or Demand Draft before the auction. The successful bidder will also pay six months' advance rent as security within seven days of sanction. Bidders should ensure compliance with all terms, including registration of tenancy agreements under the Registration Act 1908 and obtaining utility connections independently. Taxes levied by provincial and federal governments are the responsibility of the successful bidder. The auction process follows PPRA rules, and the Cantonment Board reserves the right to accept or reject bids. Submission deadline and auction opening is on 25 March 2026 at 11:00 hours at the Cantonment Board office, 42-Sarwar Road, Lahore Cantt. Interested bidders should prepare their technical and financial bids accordingly and ensure timely deposit of earnest money. Pro-Tip: Make sure to verify the exact stamp duty and registration requirements as per the Registration Act 1908, which are often overlooked and can delay possession. Also, keep an eye on any announcements for auction rescheduling on 26 or 27 March 2026 if the initial auction is not held.