The Authority may dispose of vacant land at a concessional rate of premium and lease rent or of lease rent, as the case may be, for any of the following purposes, namely:-
(a)Educational Institutions,
(b)Hospitals or dispensaries,
(c)Gymnasiums,
(d)Play-grounds,
(e)Institutions for the blind, dumb, deaf or for persons physically or mentally handicapped in any other manner as decided by the Authority,
(f)any other public purpose subject to the approval of the Government:
Provided that, the Authority shall satisfy itself, for the reasons to be recorded in writing, the lease shall provide the amenity in a manner which subserves the common good and will not exploit it for profit:
Provided further that, the institutions are open to all persons without restrictions on grounds of religion, caste, creed or place of residence.
7.Concessions for residential use, -
(1)The Authority may also dispose of vacant land for residential purposes to individuals or to co-operative housing societies at concessional rates of premium and lease rent or of lease rent regard being had to the total household income, percentage of expenditure on food and clothing in the total consumption expenditure of the household and the likely surplus which the individual or the member of the cooperative housing society would be able to set apart for housing.
(2)The Authority shall, by regulations, formulate groups in which every person can be classified on the basis of the factors enumerated in sub-rule(1) and prescribe rates of concessions admissible to each of such groups.