LEASE: Bank Road Muzaffarabad Commercial Property Lease Out for 30 Years

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Tanzeemat Janglaat Muzaffarabad invites sealed bids under the Single Stage One Envelope Procedure for the lease out of a prime commercial property located on Bank Road, Muzaffarabad, for a period of 30 years. This is a significant opportunity for interested parties to secure long-term lease rights in a central business location of Muzaffarabad, under transparent and competitive terms. Items being leased: - Commercial property on Bank Road, Muzaffarabad (lease tenure: 30 years) The property is being offered for lease through a competitive bidding process, with all terms and conditions clearly outlined in the tender document. Interested bidders must submit their proposals along with a non-refundable tender fee of PKR 1,500. All applicants are required to be registered with GST and possess a valid NTN. A Bid Security equivalent to 17 percent of the annual lease value must be submitted in the form of a CDR or bank guarantee. The successful bidder will be required to deposit 10 percent of the total lease value as security. Bids must be submitted by 4 September 2026, 3:00 PM at the office of Tanzeemat Janglaat Muzaffarabad. Late submissions will not be entertained. The evaluation will be based on the most advantageous offer of payment to the government. All bidders must provide an affidavit confirming they have not been blacklisted by any government department. Scrutiny and evaluation will be conducted as per AJK PPRA Rules 2017. Maintenance of the leased property will be the responsibility of the lessee. A practical tip: Ensure your bid security and all supporting documents are complete and compliant with the stated requirements to avoid disqualification at the scrutiny stage. For further details, visit the AJK PPRA website or contact the department directly.