Amendment status not verified — confirm the current text below against the official source.
When lhe owner of any heritage building is noi willing to preserve or conserve any heritage building, the Municipal Commissioner may, forthe purpose of acquisition of such heritage building by agreement and on (he recommendation of the Heritage Conservation Committee and wilh the approval of the Mayor-in-Council, allow the transfer of right of development of such heritage building, which shall be heritable and transferable, to the owner or such heritage building in such manner, and subject to such conditions, as may be prescribed. Explanation I.—"Development" shall have the same meaning as in clause (7) of section 2 of the West Bengal Town and Country (Planning and Development) Acl, 1979. Explanation 11.—"Right of development of 'A herilage building" shall mean the right of development, in the prescribed manner, of such potentials as may be available in respect of such heritage building on a plot of land different from the land and building comprising the heritage building but in the same ward of the Corporation.