Amendment status not verified — confirm the current text below against the official source.
Transfe r of acquired land to the Authority or local authority- Where any land has been acquired by the State Government under Section 72 it may, after it has taken possession of the land, transfer the land to the Authority or any local authority for the purpose for which the land has been acquired on payment by the Authority or the local authority of the compen~ation awarded under that Act and of the charges incurred by the State Government in connection with the acquisition. . '(74. Acquls.ltion of property by the Authority- (1) The ~uthority may acquire, movable or immovable properties by purchase, exchange, gift, lease, mortgage or by any other method permissible under law, in accordance· with the rules and regulations made for this purpose . (2) The Authority may, with the written consent of the owner, acquire any land or property or both for providing infrastructure, amenities and facilities for public purp~ses by way of according Transferable Development Rights (TOR) through issue of Development Rights Certificate in lieu of payment towards cost of land and property, in such manner and on such terms and conditions, as may be prescribed: Subs v1de 0 G.E. No. 1427, Dt. 06.10.2015 s. 77)