Lease Auction of Parking Plaza Rooftop by Municipal Corporation Gujranwala

Municipal Corporation Gujranwala invites participation in a public auction for the lease of its parking plaza rooftop, property number Sf114552, measuring 53 marlas. The lease period is 15 years. The assessed monthly rent is Rs. 400,000, equivalent to Rs. 4,800,000 annually. The participation security is Rs. 480,000, representing 10% of the annual assessed rent.

The auction will be held at the Municipal Corporation Gujranwala office on 17 November 2026 at 11:00 a.m. If the auction does not take place, it will be held on 18 November 2026, with a further auction date of 19 November 2026 if required.

Participants must deposit the required security through a call deposit receipt in favour of the Chief Officer, Municipal Corporation Gujranwala. They must bring their original national identity card and provide a copy. Blacklisted persons are not eligible to participate. Participation constitutes acceptance of the auction conditions.

The lease is governed by the Punjab Local Government property rules referenced in the notice. Rent will increase by 10% annually, and rental reassessment will take place after ten years. The corporation may terminate the lease by giving six months’ notice under the applicable rules. The successful bid is subject to approval by the competent authority.

After approval, the successful bidder must provide security equivalent to six months’ rent through a call deposit receipt within seven days. Failure to meet the required payment conditions will result in cancellation and forfeiture of the participation security. The successful bidder must execute the required agreement within seven days of approval. Monthly rent must be paid by the fifth day of the month.

The lessee will bear the costs of electricity, gas, water, sewerage, telephone and other applicable utility services. Required permissions and no-objection certificates must be obtained at the lessee’s expense. The property may not be sublet or structurally altered without the corporation’s permission. The lessee is responsible for maintenance and must comply with the corporation’s requirements for use of the premises.

The tenancy agreement must be registered with the Rent Registrar under the Punjab Rented Premises Act 2009, with the registration expenses borne by the successful bidder. Disputes will be dealt with under the Arbitration Act 1940, with the Deputy Commissioner Gujranwala acting as arbitrator. Illegal activities and unlawful use of the property are prohibited. The competent authority reserves the right to reject auction bids. The issuing officer is the Chief Officer, Municipal Corporation Gujranwala.