Form and manner of disposal of land or other property by the Authority

General202690 sections

Statutory text

(1) Subject to any directions given by the State Government under this Act, the Authority may dispose of—
- (a) any land acquired by the State Government and transferred to it, without undertaking or carrying out any development thereon; or
- (b) any such land after undertaking or carrying out such development as it thinks fit, to such persons, in such manner and subject to such terms and conditions as it considers expedient for securing the development of Satellite City Development Areas according to plan and as per the provisions and objects of this Act.
(2) Nothing in this Act shall be construed as enabling the Authority to dispose of land by way of gift, mortgage or charge, but subject as aforesaid, reference in this Act to the disposal of land shall be construed as reference to the disposal thereof in any manner, whether by way of sale, exchange or lease or by the creation of any easement right or privilege or otherwise for purposes of achieving the objects of this Act.

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