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State of Punjab - Section

Section 7 in Allotment of Land to Educational Institutions (Schools), Etc. on Lease-hold Basis in Chandigarh Scheme, 1996

7. Commencement and period of lease. -

The lease shall commence from the date of allotment and shall be for a period of 99 years. After the expiry of the said period of 99 years, the lease may be renewed for such period and on such terms and conditions as the Government may decide.