(1) After considering the objections and representations, if any, received in pursuance of sub-section (2) of section 40, section 41 and sub-section (4) of section 42 and after hearing the persons who, having raised any such objection or made any such representations, desire to be heard, the Board may either abandon or modify or sanction the scheme, or apply to the Government for sanction with such modifications, if any, as the Board may consider necessary if the cost of the scheme exceeds ten lakhs of rupees.
(2) The Government may sanction with or without modification, or may refuse to sanction or may return for reconsideration any housing or improvement scheme, costing over ten lakhs of rupees submitted to it under sub-section (1).
(3) If the scheme returned for reconsideration under sub-section (2) is modified by the Board, the notice of the fact that the scheme has been modified shall be published in accordance with section 40 ---
(a) in every case in which the modification affects the boundaries of the area comprised in the scheme, or involves the acquisition of any land not previously proposed to be acquired; and
(b) in every other case, where the modification is in the opinion of the Board of sufficient importance to require publication.
Publication of sanction of housing or improvement scheme