LEASE: Bank Road Plaza Muzaffarabad Lease Out for 33 Shops

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Talimati Janglat Muzaffarabad is inviting sealed bids under the Single Stage One Envelope Procedure for the lease out of Bank Road Plaza, Muzaffarabad. This opportunity covers the lease of 33 immovable shops located in the plaza, offering a significant commercial prospect in the heart of Muzaffarabad. Interested parties are encouraged to participate in this competitive process to secure prime retail space. Items being leased: - 33 immovable shops at Bank Road Plaza, Muzaffarabad (lease out basis) The technical scope includes the lease of these shops for commercial use, with all terms and conditions as per the detailed tender document. The successful lessee will be responsible for the maintenance of the leased property throughout the lease period. Bidders must submit a bid security (Earnest Money) equivalent to 10 percent of the annual bid amount in the form of CDR/Pay Order. Only those with valid NTN and compliance with AJK PPRA Rules 2017 are eligible to participate. The evaluation will be based on the most advantageous offer of payment to the government. Sealed bids must be submitted to the office of Talimati Janglat Muzaffarabad by 3:00 pm on 27-10-2026. Bids will be opened the same day at 3:30 pm in the presence of bidders or their authorized representatives. For further details, contact the department at 05822-920540. A practical tip: Ensure your bid security is correctly calculated and attached, as incomplete submissions will be rejected without consideration. For more information and updates, visit the AJK PPRA website at www.ajkppra.gov.pk.