Functions of the Authority

§7

Summary

7. (1) The function of the Authority shall be to secure the planned development of the development area. (2) Without prejudice to the generality of sub-section (1), the Authority shall perform the following functions- (a) to acquire land in the Special Economic Zone, by agreement or through proceedings under the Land Acquisition Act, 1894 for the purposes of this Act ; (b) to prepare a plan for the development of the Development Area, which may also outline guidelines with regard to Floor Area Ratio (FAR), ground coverage, Environmental provisions (green spaces, drainage), fire safety measure etc ; (c) to prepare Techno-Economic Feasibility report or as the case may be, detailed project report for any project considered to be necessary for the development of the Zone and take measures to invite private investments for such project and ensure its implementation ; (d) to select a developer for a part or whole of the infrastructure and other facilities of the Zone ; (e) to enter into suitable joint venture arrangement for development of different components of the Development Area including subsequent transfer of ownership of the project to the joint venture partner; (f) to co-ordinate with other departments and ensure timely implementation of projects and plans prepare by it ; (g) to resolve disputes of commercial nature between the agencies providing services and consumers thereof within the territorial jurisdiction of the Authority ; (h) may delegate any or all its powers to the developer in his designated area, as the case may be; and (i) any other function that may be notified by the Government.

7. (1) The function of the Authority shall be to secure the planned development of the development area. (2) Without prejudice to the generality of sub-section (1), the Authority shall perform the following functions- (a) to acquire land in the Special Economic Zone, by agreement or through proceedings under the Land Acquisition Act, 1894 for the purposes of this Act ; (b) to prepare a plan for the development of the Development Area, which may also outline guidelines with regard to Floor Area Ratio (FAR), ground coverage, Environmental provisions (green spaces, drainage), fire safety measure etc ; (c) to prepare Techno-Economic Feasibility report or as the case may be, detailed project report for any project considered to be necessary for the development of the Zone and take measures to invite private investments for such project and ensure its implementation ; (d) to select a developer for a part or whole of the infrastructure and other facilities of the Zone ; (e) to enter into suitable joint venture arrangement for development of different components of the Development Area including subsequent transfer of ownership of the project to the joint venture partner; (f) to co-ordinate with other departments and ensure timely implementation of projects and plans prepare by it ; (g) to resolve disputes of commercial nature between the agencies providing services and consumers thereof within the territorial jurisdiction of the Authority ; (h) may delegate any or all its powers to the developer in his designated area, as the case may be; and (i) any other function that may be notified by the Government.

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