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Section 20L: Utilisation of land for the purpose it is acquired
(1) The land acquired under this Act shall not be transferred to any other purpose except for a public purpose, and after obtaining the prior approval of the Central Government.
(2) When any land or part thereof, acquired under this Act remains unutilised for a period of five years from the date of taking over the possession, the same shall return to the Central Government by reversion.
Source: official text of The Railways Act, 1989 as published on India Code (PDF). All sections of the Railways Act, 1989.