Powers and Functions of the Authority

Powers and Functions of the Authority.—The Authority shall have the power to:

1. (a) identify Special Areas and Core Areas.
2. (b) acquire, hold, and dispose of property, both movable and immovable.
3. (c) prepare and implement Development Plans for Special Areas or part thereof.
4. (d) formulate and implement Public-Private Partnership
5. (PPP) frameworks or establish Special Purpose Vehicles
6. (SPVs) for the purpose of executing, developing, or managing projects within a Special Area.
7. (e) raise money in the form of grants, subventions, allocations, loans, bonds, debentures or any other financial instrument as approved by the government.
8. (f) levy and collect fees, charges, cesses, premiums or penalties.
9. (g) prepare and implement Form Based Codes, Street Design guidelines or any other regulation or guidelines for planned development of Special Areas.
10. (h) plan, develop, operate and maintain urban infrastructure including roads, water supply, sewerage, drainage, solid waste management, power distribution, digital infrastructure, public transport, social infrastructure and other public and semi-public buildings.
    • (i) The Authority may, with the approval of the Government, delegate any of its functions to the Local Authority, Planning Authority within its jurisdiction.
11. (j) Subject to the provisions of this Act, the Authority shall carry out such functions and exercise such powers as are prescribed under the Act or the Rules.
12. (k) perform such other functions as may be assigned by the Government.