Section 28

Where any immovable property, not being State land, is needed for the purpose of the Authority, the President may, if he thinks fit, direct the acquisition of the immovable property; in such a case, the immovable property may be acquired in accordance with the provisions of any written law relating to the acquisition of land for a public purpose, and any declaration required under any such written law that the property is so needed may be made (notwithstanding that compensation is to be paid out of the funds of the Authority) and the declaration shall have effect as if it were a declaration that the property is needed for a public purpose made in accordance with such written law.

The Authority shall not, without the consent of the Minister, sell, exchange or otherwise dispose of any land or any interest therein acquired by it under this section or vested in it under section 20.