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Bank desires to acquire a premises on lease basis for a minimum period of 15 years having around 800 sq. ft

Issued by Punjab & Sind Bank · via Punjab & Sind Bank — Tenders

Published
15 Oct 2026
Closes
4 Nov 2026
Reference
psb-8_2026101510182244366pdf
Location
India
Sector
Real Estate & Facilities

At a glance

Punjab & Sind Bank in India has published a request for proposals in real estate & facilities: “Bank desires to acquire a premises on lease basis for a minimum period of 15 years having around 800 sq. ft”. Submissions close on 4 November 2026, 20 days from today. Quote reference psb-8_2026101510182244366pdf in any correspondence with the buyer. One document is attached to this notice. FreeTender has recorded 83 notices from this buyer since 2026, 22 of them currently open. There are 125 open real estate & facilities notices in India on FreeTender. Bids are submitted to the buyer through Punjab & Sind Bank — Tenders, not through FreeTender.

Details

PUNJAB & SIND BANK (A Govt. of India Undertaking) Regional Office, Red Cross Bhawan, Sadiq Chowk, Faridkot. Ph No. 01639 – 502546, 502077 RO/PREMISES/ DATE14.10.2026 (SHIFTING OF PRESENT PREMISES) PREMISESREQUIREDONLEASEBASISFORBRANCHSADIQ (DistrictFARIDKOT) SHIFTING OF PREMISES (Dateofadvert.15.10.2026inthenewspapers—RozanaSpokesman(PunjabEdition)&ThePoiner(English) (Lastdatetoreceiveoffers 04.11.2026(latestby5.p.m.) (DateofopeningoftechnicalbidsNextWorkingDayby11:00A.M.) Bank desires to acquire a premises on lease basis for a minimum period of 15 years having around800sq.ft.carpet areaonGroundFloorforitsSadiqBranch(IncludingonsiteATMwithintotalrent),withinthearea. The offers are invited under two bid system (Technical Bid & Financial Bid). Interested parties (except brokers) may obtain the prescribed format of technical bid (Annex-I) and financial bid (Annex-2) from Punjab & Sind Bank’s Regional Office/Branch from 15.10.2026 (between 10.00 AM to 5 PM from Monday to Friday and on 1st , 3rd and 5th Saturday) up to 04.11.2026 or may download the same from Bank’s websitewww.punjabandsind.bank. in The duly filled in offer complete in all respect in separate sealed covers marked “Technical Bid” & “Financial Bid” and super scribing “offer for Sadiq Branch premises” on top and name, address & contact number of offerer at bottom

left corner should be addressed to:

The Regional Manager Punjab & Sind Bank Regional Office Red Cross Bhawan Sadiq Chowk, Faridkot Punjab The last date of submission of complete application form in separate sealed covers in two part (Technical & financial Bid) is 04.11.2026 upto 5.00 PM. The offer should be sent to Regional Office, Faridkot via Registered post or By- Hand on or before 04.11.2026 upto 5:00 PM. The technical bid or offer shall be opened on next working day at 11:00 AM and date of opening of financial bid will be intimated to short listed offers subsequently. The bank reserves right to cancel any or all tenders and stop the process at any point of time without assigning any reason or notice whatsoever. REGIONALMANAGER PUNJAB&SINDBANK REGIONALOFFICEFARIDKOT (REDCROSSBHAWAN,SADIQCHOWK,FARIDKOT) PREMISESREQUIREDATSADIQ,DISTRICTFARIDKOT Punjab & Sind Bank requires suitable ready built and well-constructed hall type building having Carpet Area including space for ATM(800 sq ft) on lease/rental basis premises should be preferably in Ground Floor at (Sadiq, District Faridkot). Premises offered should have all clearance certificates from statutory authorities. Interested owners / registered Power of attorney Holders of such premises in the desired locality who are ready to lease out their readily available premises on long term lease basis preferably for 15 years or more may send their offers in the prescribed format available on Bank's Web Site www.punjabandsind.bank.in or the same may be obtained from the above address during office hours. The complete offer duly sealed & signed and should reach the undersigned on or before(04.11.2026upto5.00PM) at the above address. No brokerage will be paid by the Bank. Bank reserves the right to accept or reject any or all offers at its sole discretion without assigning any reasons whatsoever. REGIONALMANAGER

Dateofadvertisement: 15.10.2026

ANNEXURE-III

Termsandconditions

1. Applicant must have clear marketable title to the property. Copy of approved construction plan and NOC for commercial use of the premises must be submitted by the landlord along with technical bid. The charges/levies/penalties, misuse charges if any, for commercial use of the premises shall be borne by the landlord.

2. There should not be any bar by any State/Central/Quasi government/ Gram

Panchayat or municipal body for construction/ opening/ functioning of the bank there. 3. The entire offered area shall be available in a single floor,i.e.ground floor.

4. The photographs, layout plans, utilization plans should be

submitted with technical offer.

5. The premises should be strong preferably framed RCC structured and modern

and should provide for structural safety from earthquake, theft etc. and suitable from the point of security and have all civic facilities such as adequate sanitary arrangements, water and electricity, natural lights & ventilations etc.

6. Rent free parking space will be provided

7. Rent shall be settled purely on carpet area basis. At the time of taking

possession correct measurement shall be taken and recorded in the presence of the landlord. 8. Rent shall be payable from the date of taking actual possession of the premises by the bank after execution of lease deed. 9. Initial lease period shall be for5 years with an option with Bank of minimum further two renewals of 5+5years with agreed enhancement in rent. Total Lease period will be minimum 15 years (5+5+5). 10.Enhancement in rent after initial period of 5 years will be maximum 15% as per Bank’s guidelines. 11.No escalation in the rent rate shall be allowed during the currency of the total lease period. 12.Lease deed for entire period shall be executed on Bank’s standard format without any alteration. 13.Stamp duty and registration fees & other charges towards executions & registration of lease deed shall be shared equally by landlord and bank. 14.Income tax on rental payment will be deducted at source (TDS) at prevailing rate. 15.Sufficient space at prominent location shall be provided for display of Bank’s glow signboard within offered rent. 16.The landlord should not have any objections in carrying out interior work/floor chasing work etc. However no structural changes will be made. 17.Rental advance if any required and/or allowed by the bank shall be repayable in 12 equal monthly installments at the beginning of the lease. 18.Separate three (3) phase electric connection having 20 KVA power load shall be provided by landlord at this cost for exclusive use of bank. However, actual electrical consumption charges shall be paid by bank. 19.Provision of separatetoilets for gents and l

Context for bidders

We hold 83 notices from Punjab & Sind Bank, going back to July 2026 — 22 of them still open. They buy mostly in Real Estate & Facilities, Construction & Infrastructure and IT & Telecom. There are 125 open Real Estate & Facilities tenders in India. This one closes in 20 days.

Documents

Before you bid on this tender

A quick checklist to help you decide whether to bid and prepare a compliant submission for this real estate & facilities opportunity. Always verify the details on the official source.

  • Confirm the exact closing date and time (and time zone) on the official portal — deadlines are strict and can be revised by a corrigendum.
  • Read the full notice and every attached document, including the scope, specifications and any bill of quantities or terms of reference.
  • Check the eligibility criteria — prior similar experience, annual turnover, certifications and registrations — and make sure you qualify before investing effort.
  • Prepare any earnest-money deposit (EMD) or bid security and the required formats early; missing or wrongly-formatted documents are a common cause of rejection.
  • Note how bids must be submitted (online or physical), in what format, and whether a digital signature or portal registration is required.
  • Watch for corrigenda and clarifications right up to the deadline — requirements and dates can change.

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