Commercial Plots in New City Mirpur for Lease – Mangla Dam Housing Authority
Mirpur Azad Jammu and Kashmir (AJK) Wednesday, April 6, 2016 – Mangla Dam Housing Authority intends to lease the following commercial plots through open auction reserved for Hotels, Restaurants and Cottage Industries located in New City Mirpur. An open auction will be held on 18 April 2016 in the office of Director General Mangla Dam Authority Mirpur at 11.00 a.m.
Sr. # Commercial Area/ Plot Reserved for the Purpose Size Marla /Kanal No. Of Plots Sector Location City/ Town 1 Hotel 5+5=10 Kanal 02 B New City Mirpur 2 Restaurant 5+5=10 Kanal 02 B New City Mirpur 3 Cottage Industry 10+10=20 Kanal 02 D New City Mirpur
Terms & Conditions:- 1. Interested bidders shall be deposited bid security an amount of Rs. 1, 00,000/-along with original CNIC to enter into the process of open auction, however, the said amount will be returned at the end of the auction to the unsuccessful bidders. 2. Successful bidders shall be paid one year advance rent within 30 days; otherwise, bid security will be forfeited. 3. Successful bidders shall pay all taxes according to the government rules. 4. Successful bidders will get the possession of the Plot after advance payment and Signing of lease agreement. 5. Only state subject class-I holders can participate in the open auction process. 6. The lease period will be 25 years which may further be extended on the terms and conditions to be agreed mutually. 7. Authority has the right to reject all the offers without assigning any reasons. 8. Necessary information regarding plots to be auctioned can be obtained from this office During office hours.
(Muzamil Hussain Hanjra) Secretary Commercial Land/Plot Committee Mangla Dam Housing Authority. Ph: 05827-920137