15. Powers of the Authority

The Authority may, for the purpose of discharging its functions, exercise all or any of the following powers :-

acquire and hold, take or give on lease or hire, mortgage, sell or otherwise dispose of any movable or immovable property ;

clear and re-develop the land acquired either from the State or from private individuals ;

enter into and perform all such contracts, as it may consider necessary for the discharge of its functions ;

accept gifts, grants or donations whether in cash or otherwise and to apply them in the discharge of its functions.