LAHORE: The Punjab government has issued amended rules regarding lease of state land for petrol pumps, CNG stations and service stations, says a handout issued on Thursday.
According to the amended rules, 30 year lease will be given for setting up petrol pumps, CNG stations and service stations while the successful bidder will not be allowed to cut trees or unnecessarily remove sand or mud from the leased land.
Land will be given on lease through auction and the amount of initial bid will be decided by the committee headed by the concerned DCO according to the market rate.
Local Government Department Punjab has issued notification regarding amendments in 30 sections and a number of sub-clauses in Punjab Local government Property Rules, 2003 and sent its copies to the concerned departments as well as all Commissioners, DCOs and TMOs for implementation.
According to amended Punjab Local Government Property Rules, land having mineral resources, river banks, watercourses and drains could not be given on lease only 2 to 8 kanals and 1 to 2 kanals state land could be given on lease in rural and urban areas respectively.
Those who will take part in auction will have to deposit one fourth of estimated rent as token money in Local Government Funds in advance.
The initial period of lease will not be more than 15 years whereas, one time extension for not more then 10 years would be given.
After expiry of lease period priority will be given to the occupant party in the next auction and in case of non acceptance of auction bid, lease will be given to other party occupant party on lease land will be bound to remove to material within 30 days from the lease land if it will not succeed in an auction after ending its lease period so that lease land could be given to successful bidder.
According to amended rules, lease land will be transferred to the legal hires after the death of occupant and successful bidder will have to deposit the rent of lease land in advance in the beginning of the year.
Lease will be cancelled automatically if the bidder could not deposit the rent with in 90 days and in such case new auction will be held.
It is clarified in the amended rules, that no district government will be allowed to give provincial government’s land on lease for CNGs, Petrol Pumps and Service Stations.
Property Buying & Selling was never easy before, simply connect with our WhatsApp Hotline for absolutely free property consultancy. Please save this number +923111042111 in your contact list to get regular updates from us, otherwise you will not receive any update.
Subscribe to our YouTube Channel for latest videos abuout Pakistan Property including DHA Lahore, Peshawar, Quetta, Multan, Gujranwala & Bahawalpur. Also Naval Anchorage Gwadar, New Tonw, Sangar, BECHS, FTBA, Creek City, Golden Palm, GDA 5, Muscat Center and many other projects in Pakistan.