When the amount for acquisition is not paid or deposited on or before
taking possession of the land, the Competent Authority on behalf of the State Government shall pay the
amount determined with interest thereon, from the time of so taking possession until the amount shall
have been so paid or deposited, at the rate of 4 per cent. per annum for the first six months and
thereafter at the rate of 9 per cent. per annum.
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Section 39
Payment of Interest.
The Mumbai Metropolitan Region Development Authority Act, 1974.