Amendment status not verified — confirm the current text below against the official source.
Substituted by G.O.Ms.No.37, Revenue (Endowments-I) Department, dated 01.11.2014. Prohibition of purchase of immovable property in certain cases. Alienation of immovable property. [Act No. 30 of 1987] 97 (b) The Commissioner, may, after publishing in the 76Telangana Gazette the particulars relating to the proposed transaction and inviting any objections and suggestions with respect thereto and considering all objections and suggestions, if any, received from the trustee or other person having interest, accord such sanction where he considers that the transaction is,— (i) prudent and necessary or beneficial to the institution, or endowment; (ii) in respect of immovable property which is un- economical for the institution or endowment to own and maintain; and (iii) the consideration therefor is adequate and proper. (c) Every sale of any such immovable property sanctioned by the Commissioner under clause (b) shall be effected by tender-cum-public auction in the prescribed manner subject to the confirmation by the Commissioner within a period prescribed: Provided that the Government may, in the interest of the institution or endowment and for reasons to be recorded therefor in writing, permit the sale of such immovable property, otherwise than by public auction: Provided further that the Government may purchase the lands situated in Scheduled Areas belonging to institutions or endowments, wherever necessary, otherwise than by public, auction and assign such lands to the members of the Scheduled Tribes.