Review, revision and preparation of fresh perspective plan of the development area.

(1) Immediately after the expiry of ten years from the date of approval of the perspective plan of the development area under section 37, the Authority shall review such plan and prepare a fresh perspective plan for a period of twenty to twenty five years from U1edate of review after incorporating such modifications and amendments as may be considered necessary and submit it for 'approval: Provided that the time period taken for the review and preparation of fresh perspective plan shall not exceed two years. (2) The provisions of sections 33 and 37 shall, mutatis mutandis, apply to the preparation and approval of such a fresh perspective pian.