Pukhrajmal Sagarmal Lunkad (Deceased ... vs The Municipal Council And Ors. on 23 December, 2004
(b) in lieu of any such amount by granting the land-owner or the lessee, subject, however, to the lessee paying the lessor or depositing with the Planning Authority, Development Authority or Appropriate Authority, as the case may be, for payment to the lessor, an amount equivalent to the value of the lessor's interest to be determined by any of the said authorities concerned on the basis of the principles laid down in the Land Acquisition Act, 1894, Floor Space Index (F.S.I.) or Transferable Development Rights (T.D.R.)