(1) 212 Board may, lrom such date as the State Government may appoint by notificalion in this behalf, also take steps for the compulsory acquisition ol any land or any interest therein required forthe execution of a housing scheme in the manner provided in the Land Acquisilion Act, 1894, as modilied by this Act, and the acquisition of any land or any interest lherein lor lhe purpose of this Act shall be deemed to be acquisition for a public purpose within the meaning of the Land Acquisition Act, 1894.
When by the making of a housing scheme the value ol any land in the area comprised in the scheme will, in the opinion of the Board, be increased, the Board in framing the scheme may declare that betterment charges shall be payable by the owner of the land or any person having an interest lherein in respecl of the increase in value of the land from the execution ol the scheme.
(2) Such increase in value shall be lhe amount by which the value ol the land on the completion ol the execution of the scheme estimated as if the land were clearolthe buildings exceeds the value of the land prior to the execution ol lhe scheme estimated in like manner and the betterment charges shall be one-half ol such increase in value.
(3) Such betterment charges shall also be leviable in respect of any land not comprised in the scheme but adjacent to the area comprised in the scheme.
(4) Notwithstanding anything contained in subsections (1) and (3), in respect of any land used Ior agricultural purposes at the time of the execution of the schemes the betterment charges shall be leviable by the Board in accordance with such procedure as may be prescribed, only alter such land is used, or converted for use ,or nonagricullural purposes.
Betterment charges.
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39. Subject to any rules made by the State Government under this Act, the Board may retain, lease, sell, exchange or otherwise dispose of any land, building or other property vested in it and situate in the area comprised in any housing scheme sanctioned under this Act, provided that the land, building or other property are not transferrable to the persons other lhan the domiciles of Arunachal Pradesh.