Chapter IX ACQUISITION, ASSEMBLY AND DISPOSAL OF LAND

1. (1) Any land required, reserved or designated in a perspective plan, a development plan, or an annual plan or a development scheme shall be deemed to be land needed for a public purpose within the meaning of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 and may be acquired by the Government on request by the Authority.
2. (2) Where any land has been acquired by the Government under sub-section (1), it may after it has taken possession of the land, transfer the land to the Authority for the purpose for which the land has been acquired on payment by the Authority of the compensation awarded under the Act and of the charges incurred by the Government in connection with the acquisition.

The Authority may acquire any movable or immovable property by purchase, exchange, gift, lease, mortgage, or by any other means permissible under any law for the time being in force.

The Government may, by order and on such terms and conditions as may be agreed upon between the Government and the Authority, place at the disposal of the Authority any developed or undeveloped Government land situated in accordance with the provisions of this Act.

The Authority may acquire land as per the laws prevailing in the state by paying such amount as may be arrived at through negotiated settlement in such manner as may be prescribed under regulations.

The disposal of any land acquired by the Government and transferred to the Authority under section 63 or any land transferred to the Authority under section 53 or any land transferred to it under sections 65, 66 or any other land with or without carrying out development thereon, or any other immovable property belonging to the Authority, shall be done in accordance with the rules made for the purpose in this behalf.