State Act
Section 53. Power to purchase or lease by agreement.
The Goa Housing Board Act, 1968
53. Power to purchase or lease by agreement.— (1) The Board may enter into an agreement with any person for the acquisition from him by purchase, lease or exchange of any land which is needed for the purposes of a housing scheme, or any interest in such land, or for compensating the owners of any such right in respect of any deprivation thereof or interference therewith: Provided that the previous approval of the Government shall be obtained in case of purchase or exchange involving land worth more than rupees 24[“twelve lakhs and fifty thousand”]or lease for more than five years. (2) The Board may also take necessary steps for the compulsory acquisition of any land or any interest therein required for the execution of a housing, improvement or building scheme in the manner provided in the, 25[ the Land Acquisition Act, 1894 or any other law, dealing with acquisition of land, for the time being in force] and the acquisition of any land or any interest therein for the purposes of this Act shall be deemed to be acquisition for a public purpose within the meaning of the 26[the Land Acquisition Act, 1894 or any other law, dealing with acquisition of land, for the time being in force].