State Act

54

Section 54. Role of developer entity

The Andhra Pradesh Capital Region Development Authority Act, 2014.

Act no. 11 of 20142014In forceAndhra Pradesh (State Act)

54. Role of developer entity: The developer entity intending to undertake a land pooling scheme shall obtain a license from the Commissioner to formulate and implement a land pooling scheme containing such particulars and details as may be prescribed: Provided that,- (1) the developer entity shall submit the application to formulate and implement a land pooling scheme only after a notification is issued by the Authority as stated at sub-section (3) of section 43 under the Act; (2) the requirements of the Scheme as prescribed under this Act shall be complied with; (3) the costs for development of the development scheme shall factored into the project before the developer undertakes the development work; (4) the developer entity shall obtain all necessary permissions from the Commissioner as required under the Act duly paying the prescribed fees and charges to undertake the scheme; (5) The developer entity shall mortgage a part of the scheme area as prescribed in favour of the Authority in order to comply with the conditions of the development scheme and the same shall be re-conveyed by the Commissioner while issuing the completion certificate of the scheme.