Amendment status not verified — confirm the current text below against the official source.
Role of developer entity - The developer entity intending to undertake Land Pooling Scheme shall obtain a license from the Metropolitan Commissioner / Vice-Chairperson to formulate and implement a Land Pooling Scheme containing such particulars and details as may be prescribed: Provided that,- (1) The developer entity shall submit the application to formulate and implement a Land Pooling Scheme only after the notification issued as stated at sub-section (3) of section 17 under the Act; (2) The developer entity shall be responsible for the pooling of the land under land pooling scheme and all the requirements of the scheme as may be prescribed under the Act shall be complied with; (3) The costs for development of the development scheme shall be factored into the project before the developer undertakes the development work; (4) The developer entity shall obtain all necessary permissions from the Metropolitan Commissioner / Vice-Chairperson as required under the Act duly paying the prescribed fees and charges to undertake the Scheme; (5) The developer entity shall mortgage a part of the Scheme area as prescribed in favour of the Authority in order to comply with the conditions of the development scheme. The same shall be re- conveyed by the Metropolitan Commissioner / Vice-Chairperson while issuing the completion certificate of the scheme.