Development & Policy | August 2026 | 3 min read
⚡ Quick Takeaways
⚡ RDA awarded two 3-year parking plaza contracts in Raja Bazar through an open auction.
⚡ Fawara Chowk plaza won by Zabiullah at Rs64.715 million per year.
⚡ Tehsil Office plaza won by Waseela Enterprises at Rs4.685 million per year.
⚡ 10% annual rent increase approved for both contracts over the 3-year term.
⚡ Auction conducted on directions of Rawalpindi Commissioner and RDA DG Salman Ghani.
The Rawalpindi Development Authority has awarded three-year management contracts for two parking facilities in Raja Bazar through an open competitive auction. The contracts — for the Fawara Chowk parking plaza and the plaza opposite the Tehsil Office — include a built-in 10% annual rent escalation clause that will increase RDA’s revenue from both facilities each year over the contract term.
| Rs64.7m/yr
Fawara Chowk Zabiullah — 3-year contract |
Rs4.7m/yr
Tehsil Office Waseela Enterprises — 3 years |
10%
Annual Escalation Both contracts |
Auction Results
| Plaza | Contract Winner | Year 1 Rent | Term |
| Fawara Chowk, Raja Bazar | Zabiullah | Rs64,715,000 | 3 years |
| Opp. Tehsil Office, Raja Bazar | Waseela Enterprises | Rs4,685,000 | 3 years |
| ℹ️ Why the Two Rents Are So Different The gap between the two contracts is notable: Fawara Chowk commands Rs64.7 million per year versus Rs4.7 million for the Tehsil Office plaza — a 13:1 ratio. This reflects Fawara Chowk’s location at one of Rawalpindi’s busiest commercial intersections, where parking demand is substantially higher than at the Tehsil Office site. |
3-Year Revenue Projection With 10% Escalation
| Year | Fawara Chowk | Tehsil Office | Combined |
| Year 1 | Rs64.72m | Rs4.69m | Rs69.40m |
| Year 2 (+10%) | Rs71.19m | Rs5.15m | Rs76.34m |
| Year 3 (+10%) | Rs78.30m | Rs5.67m | Rs83.97m |
| 3-Year Total | Rs214.21m | Rs15.51m | Rs229.71m |
With the 10% annual escalation approved for both contracts, RDA is projected to receive approximately Rs229.7 million in combined rental income from the two plazas over the full three-year term. Fawara Chowk alone accounts for Rs214 million of that — around 93% of total projected revenue from both facilities.
| ✅ Open Auction Process — Competitive Award Under RDA Rules Open auction for public asset management contracts is RDA’s standard procedure for ensuring competitive pricing and preventing below-market awards. The presence of a formal auction committee — chaired by Director Estate Management Iftikhar Ali, with Director Engineering Komal Chaudhry, Deputy Director Finance Ayesha Badar, Deputy Director Estate Management Abdul Rahman and Deputy Director Planning Muhammad Daud in attendance — reflects the institutional framework for asset disposal and leasing decisions. The auction was conducted on the directions of Rawalpindi Commissioner and RDA Director General Salman Ghani, who has prioritised transparency and revenue maximisation in RDA\’s property management operations. |
Disclaimer: Contract values and auction outcomes are from official RDA announcement. Year 2 and Year 3 revenue projections and 3-year totals are calculated from the stated Year 1 rents with the approved 10% annual escalation — these are illustrative projections, not official RDA figures.
