Transfer of land to Housing Board- (1) Where any land has been acquired

under section 3, the Government may transfer the land to the Housing Board constituted under section 3 of the

1[Andhra Pradesh (Telangana Area) Housing Board Act, 1956 (Act XLVI of 1956),] for the purpose of executing housing .The Andhra Pradesh (Telangana Area) Housing Board Act, 1956 as extended to whole State of A.P by Act 15 of 1962.

schemes framed under that Act; and thereupon the land shall vest in such Board.

1. (2) Where land is transferred under sub-section (1) to the Housing Board aforesaid, the Housing Board shall be liable to pay the cost of acquisition of the land.