Acquisition of Land for Information Technology Investment Regions

(1) On receipt of the proposal from the nodal department, Acquisition of land for the Information Technology Investment Regions shall be made,-

1. (a) by the State Government in accordance with the provisions of Land acquisition Act, 1894; or
2. (b) through the Authority in accordance with the law applicable to such authority; subject to the payment of acquisition expenses by the Developer or Co-developer, if any, through the Management Board.

1. (2) The land so acquired under sub-section(1) by the state Government or Authority as the case may be, shall be transferred to the Management Board and thereafter, such land shall vest with the