REDAMCO Invites Sealed Bids to Lease 48 Constructed Shops at Kharkhano Market, Hayatabad, Peshawar (21-year PPP)

Railway Estate Development & Marketing Company (Pvt) Ltd. (REDAMCO), a subsidiary of the Ministry of Railways, invites sealed bids under a single-stage, one-envelope procedure for leasing constructed shops located at Rail Market / near Kharkhano Market, Hayatabad, Peshawar. Leases will be awarded on a One-time Premium (non-refundable) plus Advance Annual Rent basis for a period of 21 years.

Key dates & submission: Bid submission deadline: 2026-06-30 at 03:00 PM. Bids will be opened on 2026-06-30 at 03:30 PM at Peshawar Cantt Railway Station in the presence of bidders or their authorized representatives.

How to obtain documents & fees: Bid documents, terms and conditions are available during working hours from REDAMCO office (Islamabad) or DS Office Peshawar Cantt. Bid document fee: PKR 1,000 per shop (payable as specified in bid documents). Bid security for each shop must be furnished as CDR/PO in favor of Railway Estate Development & Marketing Company (Pvt) Ltd. in the amounts shown below.

Lease & payment conditions: Annual rent escalation: 8% compound escalation. Bids must state the offered premium (non-refundable). The successful bidder will be required to deposit the offered premium in full within the time specified in the bid documents (typically within ten working days of acceptance), otherwise the bid security will be forfeited.

Other terms: Bids must follow requirements in the bid documents. REDAMCO reserves the right to accept/reject any or all bids and to annul the bidding process without incurring any liability.

Contact / Submission Office: Manager Estate North, Railway Estate Development & Marketing Company (Pvt) Ltd. (REDAMCO). Cell: 0332-9087945 & 0302-5269452. Corporate office: 1st Floor, Corporate Office, Service Road (South), Sector I-1/1, Islamabad (for bid documents and queries).