Acquisition of Land and Built Up Space by way of Accommodation Reservation

Acquisition of Land and Built Up Space by way of Accommodation Reservation.-A Planning Authority or the Local Authority may, with the consent of the owner and in the manner prescribed, acquire land and built up space for public purposes indicated in the Development Plan by according the owner, a built up space equivalent to area of the land and the built up space required for the amenity or facility, in lieu of the cost of land and the built up space acquired for the infrastructure, public amenity, public utility and services transferred to the respective Planning Authority or Local Authority, as prescribed under Rules or Regulations made under this Act.