Amendment of Section 29

Amendment of Section 29.- In Section 29 of the Principal Act, after sub-section (2), the following shall be inserted, namely:- "(3) If a person intends to surrender his land or part thereof to the Government or any of its Department/Authority for implementation of any scheme prepared under this Act or otherwise, he may be allowed to use the FAR as specified in regulations, on submission of a written application to the Director in the manner prescribed in the regulations, and he will not be entitled for any compensation of such land surrender.

1. (4) If a person intends to develop the built area over and above the normal FAR provided at the place of construction, he may be allowed to do so in part or whole of the premium FAR fixed for the planning unit at the premium rates decided, from time to time, by the State Government, on submission of a written application to the Director in the manner as may be prescribed in the regulation."