Amendment status not verified — confirm the current text below against the official source.
(1) Where after the issue of a notification under sub-section (2) of Section 29 it appears to the Board that the planned development of the notified area can be Secured only: by-acquiring tand in that area,-it may, with the prior consent of the State Government, acquire the entire area or such part of it as may be considered necessary, either'by direct negotiation With the owner or failing such negotiation, by resort to the provisions of the Land Acquisition Act, 1894. (2) Such area as may be acquired under sub-section (1) shall be properly !aid out by the Board, the necessary improvements eflected ‘and sites assigned sold or leased to the public for a specified period net exceeding, 99 years, for construction according to approved pians. a Planning Board to acquire land for planned development, where neces- sary. Planning Board to decide on levy of better- ment tax with the consent of State Government who shall determine the rate at levy. CemDutation cf betterment nine. CHAPTER—VIII LEVY OF BETTERMENT TAX