{"id":80143,"date":"2021-09-29T17:39:37","date_gmt":"2021-09-29T12:39:37","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=80143"},"modified":"2021-09-29T17:39:43","modified_gmt":"2021-09-29T12:39:43","slug":"manora-beach-resort-auctioned-off","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/manora-beach-resort-auctioned-off.html","title":{"rendered":"Manora Beach Resort auctioned off"},"content":{"rendered":"\n<p>Karachi: The Cantonment Board Manora has successfully auctioned off Manora Beach Resort to a private company for five years at a bidding price of PKR 11,100,000 for a year\u2019s payment, according to a news source.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/coastline-project-usd-3-5-karachi.html\" target=\"_blank\" rel=\"noreferrer noopener\">Coastline revamp project worth USD 3.5 bn approved for Karachi<\/a><\/p>\n\n\n\n<p>The board has advertised the mega auction of its beach resort in August through major leading newspapers. The auction to this effect was held on September 8 and was won by the hospitality company \u2018Dreamworld\u2019 on a monthly rental basis. The rent for Manora Beach Resort will be PKR 925,000 per month. The board has even expressed willingness to extend the agreement if it is executed satisfactorily.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/restore-frere-hall.html\">US govt, KMC to renovate, restore Karachi\u2019s Frere Hall<\/a><\/p>\n\n\n\n<p>An official of the authority has revealed that the formal arrangement between the Cantonment Board Manora and the winning bidder will be formalized in a month. The property comprises a ground plus two-floor building along with four tuck shops near the Varun Dev Mandir. Moreover, there is an open area of 1,562 sq yds at the beach view site. Dreamworld will renovate and decorate the resort and manage it for the next five years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Cantonment Board Manora has successfully auctioned off Manora Beach Resort to a private company for five years at a bidding price of PKR 11,100,000 for a year\u2019s payment, according to a news source. Read: Coastline revamp project worth USD 3.5 bn approved for Karachi The board has advertised the mega auction of its beach resort in August through major leading newspapers. The auction to this effect was held on September 8 and was won by the hospitality company \u2018Dreamworld\u2019 on a monthly rental basis. The rent for Manora Beach Resort will be PKR 925,000 per month. The board has even expressed willingness to extend the agreement if it is executed satisfactorily. Read: US govt, KMC to renovate, restore Karachi\u2019s Frere Hall An official of the authority has revealed that the formal arrangement between the Cantonment Board Manora and the winning bidder will be formalized in a month. The property comprises a ground plus two-floor building along with four tuck shops near the Varun Dev Mandir. Moreover, there is an open area of 1,562 sq yds at the beach view site. Dreamworld will renovate and decorate the resort and manage it for the next five years.<\/p>\n","protected":false},"author":75,"featured_media":80144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[48533,48532],"persona":[],"class_list":{"0":"post-80143","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-cantonment-board-manor","10":"tag-manora-beach-resort-auctioned-off","11":"cat-15016-id","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Manora Beach Resort auctioned off - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The Cantonment Board Manora has successfully auctioned off Manora Beach Resort to a private company for five years at a bidding price of PKR\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/manora-beach-resort-auctioned-off.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manora Beach Resort auctioned off - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The Cantonment Board Manora has successfully auctioned off Manora Beach Resort to a private company for five years at a bidding price of PKR\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/manora-beach-resort-auctioned-off.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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