During a period of two years from the commencement of this Act, no person shall transfer any urban property in excess of the ceiling limit unless he has given a notice to the competent authority.

Competent authority to determine whether urban property in excess of ceiling limit is needed for a public purpose Competent authority to determine whether urban property in excess of ceiling limit is needed for a public purpose.

On receipt of the notice under section 10, the competent authority shall, within a period of 120 days of such receipt, determine whether the property is needed for a public purpose and intimate the person who has given the notice.