Amendment status not verified — confirm the current text below against the official source.
If any provision of this Act or any section, sentence, clause, phrase or word, application thereof in any circumstances is held invalid, the validity of the remainder of this Act and of the application of any such provision, section, sentence, clause, phrase or word, in any other circumstances shall not be affected thereby. _______ STATEMENT OF OBJECTS AND REASONS FOR ACT NO.8 OF 1987 People who are required to reside within the periphery of town by virtue of their employment, business etc., have a tendency to look out for residential houses within the short radius of the town. This has resulted in a vast demand for accommodation and as such public experience much hardship to have a residence of their own at a reasonable cost within the periphery of the town. To mitigate the hardship, experienced by the public, the Puducherry Housing Board is contemplating construction of multi-storeyed flats for providing housing to the public in the periphery of the Puducherry town. In order to provide for ownership of individual apartments in a building after construction and to make such apartment a heritable and transferable property, it is considered that a separate law may be made for the purpose. The Organisations and Undertakings, which are engaged wholly in construction of houses shall also be able to obtain the benefits if they construct multi-storeyed housing complex and allot apartments on a flat house system as per the provisions of this Act. This Bill seeks to achieve the above object. ________