(1) The licence of the site be i~itiallY for a period of five year0 ---'.;>- @ .
(2) The period of licence may be extended for such further period of five years each by the competent authority in accordance with the general or special ordered of the Chief Commissioner.
(3) the sites developed or to be developed by the Chandigarh Housing Board in the sites and services complex may be allotted to the persons eligible under this scheme on hire purchase basis on a price to be determined by the Chandigarh Housing Board.
10-A. Notwithstanding anything contained in this Scheme, bare sites may be allotted on hire- purchase basis to the persons who have settled in the labour colonies unauthorisedly during the period of six months preceding 31st March, 1980 on a price to be determined by the Chandigarh Administration.
5/25/2010 p t@TheCOmpetentlll'itllibPl"tyshall"Xecutealicencedeedinfavouroftheallottee http://sampark.chd.nt'.''thlII!!Il''••ffihlbn Scanned by CamScanner ",censing ofTenements and Sites and Services in Chandigarh Scheme, 1979 Page 7 of 19 in form "B".
12. The licensee shall be entitled to vet his interest in the site besides the superstructure in order to secure a loan for the construction of a building on the site front any of the Banks or Financial Institutions.