Any acquiring authority is the entity with the power or authority to acquire or buy land for any objective/purpose.
An acquiring authority is the government entity or individual or minister responsible for the acquisition of land for any specified purpose. This concept has traction in the mainstream real estate sector as well.
An acquiring authority can be any individual with the legal authority to buy land as a result of a legal enactment or provision. Hence, it is quite applicable to property or land acquisition measures by companies, government authorities/agencies, and even consortiums of individual buyers.
