Right of prince to live in portion of the palace etc

Notwithstanding anything contained in this Act Sri Srikantadatta Narasimharaja Wadeyar (hereinafter referred to as prince) and his wife shall be allowed to continue to live in the portion of the palace specified in Schedule II for their life time:

Provided that if within two years from the appointed day the prince and his wife exercise an option to vacate the portion of the palace and live outside and such option is communicated to the State Government, the State Government shall within six months from the date of receipt of such communication grant to the prince and his wife one acre of land within Mysore Urban Agglomeration and also rupees one crore towards cost of construction of a new house therein for their residence and the prince and his wife shall within three years from the date of such grant vacate the portion of the palace and deliver the vacant posession thereof to the State Government or the Board, as the case may be.