Chapter V ACQUISITION OF LAND

The State Government may, for carrying out the purposes of this Act, compulsorily acquire land under the Land Acquisition Act, 1894 (I of 1894), and the acquisition of any land for any of the said purposes shall be deemed to be a public purpose within the meaning of that Act.

1. (1) For the furtherance of the objects of this Act, the State Government may by notification in the Official Gazette, upon such conditions as may be agreed upon between the Government and the Corporation, place at the disposal of the Corporation any lands vested in the State Government : Provided that, the State Government shall not place at the disposal of the Corporation any lands which are notified and included in a reserved forest.
2. (2) After any such land has been so placed at the disposal of the Corporation it shall be dealt with by the Corporation in accordance with the provisions of this Act or the rules or regulations made thereunder and the directions, if any, given by the State Government in this behalf.
3. (3) If any land placed at the disposal of the Corporation under sub-section (1) is not required by the Corporation, the State Government may, ask the Corporation to restore it to the State Government upon such terms and conditions as may be mutually agreed upon.

Subject to any rules made by the State Government under this Act, the Corporation may retain, lease, sell, exchange or otherwise dispose of any land, any building or other property vested in it, in such manner as it thinks fit for carrying out the purposes of this Act.