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If an order is made under section one of this Act in relation to an area which comprises land acquired, whether before or after the commencement of this Act, under section thirty-five of the Town and Country Planning Act, 1932, the Minister may by order provide for transferring the land to the development corporation upon such terms as may be prescribed by the order, and for the purposes of this Act any land so transferred shall be treated as land acquired under section four of this Act.
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