LEASE: Leasing of Pakistan Railway Land for Mix-Use Commercial Purpose in Rawalpindi Division

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Railway Estate Development and Marketing Company (REDAMCO), a subsidiary of the Ministry of Railways, invites sealed bids for leasing Pakistan Railway land in Rawalpindi Division for mix-use commercial development. The lease is for 21 years, extendable for another 21 years, with an 8% compound annual increase in rent. The project includes development of mix-use commercial properties such as shopping plazas, markets, corporate offices, retail outlets, and factory outlets. Items/Lots being offered for lease: - Plot-1: 18,142 sq.ft - Plot-2: 18,142 sq.ft - Plot-3: 18,142 sq.ft - Plot-4: 18,142 sq.ft - Plot-5: 18,142 sq.ft - Plot-6: 18,142 sq.ft - Plot-7: 18,142 sq.ft - Plot-8: 18,142 sq.ft - Plot-9: 18,142 sq.ft - Plot-10: 18,142 sq.ft Each plot requires a bid security of PKR 3 million and a benchmark commitment fee of PKR 3 million (non-refundable) with an annual rental benchmark of PKR 20 million. Bidders may submit bids for one or more plots, with separate bid security and bid forms for each. The successful bidder will be responsible for all development, operation, and maintenance at their own risk and cost, including obtaining all necessary licenses, permits, and approvals. The lease includes a 24-month mobilization period for design and construction. Payment terms require 50% of the upfront commitment fee and annual rent within the specified period, with the remaining 50% due within 30 days thereafter. Eligibility criteria include valid NTN and sales tax registration, active taxpayer status, no blacklisting, and relevant experience in commercial property development. Technical bids will be evaluated on bidder profile, financial capability, and relevant experience, with a minimum qualifying score of 60%. Financial bids of technically qualified bidders will be opened subsequently. Bids must be submitted in sealed envelopes at REDAMCO's corporate office in Islamabad by 02:00 PM on 19-10-2026. Technical bids will be opened the same day at 02:30 PM. A pre-bid meeting will be held on 09-10-2026 at 02:00 PM at REDAMCO Head Office and via Zoom. Bidders are advised to carefully prepare their bids using the prescribed forms and ensure compliance with all terms and conditions. Earnest money in the form of CDR or pay order is mandatory. Late submissions will not be accepted. One practical tip: attend the pre-bid meeting to clarify any doubts and ensure your bid meets all technical requirements to avoid disqualification. This is a prime opportunity to lease strategically located railway land in Rawalpindi for lucrative commercial development under a transparent and competitive bidding process.