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[Cites 0, Cited by 1] [Section 129] [Entire Act]

State of Maharashtra - Subsection

Section 129(2) in The Maharashtra Regional and Town Planning Act, 1966

(2)Where possession of land is taken under sub-section (1), the planning Authority, the Development Authority or as the case may be, Appropriate Authority, shall subject to the provisions of sub-section (1), pay to the owner concerned interest at 4 per cent per annum on the amount of compensation from the date of taking possession of the land under acquisition to the date of payment.