Chapter VII ACQUISITION OF LAND

The State Government may, for carrying out the purposes of this compulsorily acquire land under the Land Acquisition Act, 1894 (1 of 1894), as amended from time to time 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.

Notwithstanding anything contained in the 1Bombay Metropolitan Region Development Authority Act, 1974 (Mah. IV of 1975), or any other law for the time being in force, it shall be competent for the Bombay Metropolitan Region Development Authority constituted under the 2Bombay Metropolitan Region Development Authority Act, 1974 (Mah. IV of 1975) or for any statutory corporation constituted under any other law, to transfer any land with or without building constructed or any other work carried out, thereon to a Truck Terminal Authority subject to such terms and conditions as the State Government may, in consultation with the Metropolitan Authority or the statutory corporation, from time to time, determine and thereupon such lands together with buildings or work if any, shall vest in the Truck Terminal Authority for the purposes of this Act.

1. (1) For the furtherance of the object 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 Authority, place at the disposal of the Authority any lands vested in the State Government.
2. (2) After any such land has been developed, by or under the control and supervision of the Authority, it shall be dealt with by the Authority 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 Authority under sub-section (1) is required at any time thereafter by the State Government, the Authority shall replace it at the disposal of 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 Authority 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 subserving the purposes of this Act.