Bare Act

The Punjab New Mandi Township (Dev. and Reg.) Act 1960

Infrastructure196025 sections

This law allows the Punjab government to designate specific areas as new mandi townships and sell or lease land and buildings within them. It regulates how the government transfers property in these townships, setting out terms for sales, leases, and payments. The Act ensures that the government retains ownership of the transferred land and buildings until the full purchase price, including any interest, is paid in full. It applies to the whole state of Punjab and covers various types of construction and public utilities to ensure proper development and management of these market areas.

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