(1) If the owner of any property, separately registered in the assessment books of the trust and assessed to a betterment contribution in any particular year, objects to the amount of such contribution on the ground that the market value estimated under clause (b) of section 57 is excessive, he shall state the market value which he contends to be correct and may, within a period of thirty days of the date on which the determination of his objection or appeal becomes final, by written notice, require the trust to acquire the property togetherwith any buildings or other works that may exist thereon.
(2) If the owner of the property opt for acquisition of his property under sub-section (1), the trust shall refer the matter to the State Government and after going through the facts of the case and making such enquiry as it deems necessary, the State Government shall pass appropriate order.
(3) The trust shall either acquire the property or accept the market value determined and passed by the State Government.
(4) In case the property is acquired, the compensation payable thereof shall be determined by the prescribed authority under this Act:
Provided that compensation payable for the property, apart from the buildings or other works thereon shall not exceed the market value stated by the owner under sub-section (1).
60. In order to facilitate the movement of the population in and around any local area to which this Act is applied, the trust may from time to time—
(a) subject to any conditions it may deem fit to impose— Option of objecting owner to require trust to acquire his property.
Power of trust to facilitate movement of population.
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(i) guarantee the payment, from the funds at its disposal, of such sums as it may deem fit, by way of interest on capital expended on the construction, maintenance of roads / streets and its furniture and any other development work which the State Government deems fit; or
(ii) make such payments as it may deem fit from the said funds by way of subsidy to persons undertaking to provide, maintain and work any means of roads/streets and its furniture and any other development work; or
(b) either singly or in combination with any other person construct, maintain work of roads/streets and its furniture and any other development work, under the provisions of any law applicable thereto; or
(c) construct or widen, strengthen or otherwise improve bridges:
Provided that no guarantee or subsidy shall be made under clause (a), no roads/streets and its furniture and any other development work shall be constructed, maintained or worked under clause (b), without the previous sanction of the State Government.
61. The trust may, with the approval of Deputy Commissioner –
(a) cause a survey of any land to be made whenever it considers that a survey is necessary or expedient for carrying out any of the purposes of this Act; or
(b) contribute towards the cost of any such survey made by any other local authority.