Amendment status not verified — confirm the current text below against the official source.
(l) The Board may enter into an agreement with any person for acquisition from him by purchase, lease or exchange, of any land which is needed for the {imposes of a housing scheme or any interest in such and or for compensating the owners of any such right in respect of any deprivation thereof or interference therewith. (2) The Board may also take steps for the compul- sory acquisition of any land or any interest therein required for the execution of a housing scheme in the manner provi- ded in the Land Acquisition Act, 1894 and the acquisition of any land or any interest thereto for the purposes of this Act shall be deemed to be acquisition for a public purpose within the meaning of the Land Acquisition Act, 1894.