Immovable property which vests in and belongs to the Cantonment Board shall not be transferred to any person by the Cantonment Board by way of sale, mortgage or exchange, or otherwise than by lease without a premium, except with the previous sanction of the Central Government and in such manner and on such terms and conditions as the Central Government may, approve such sanction:
Provided that if the immovable property is situated beyond the limits of the Cantonment, the views of the State Government and the services shall be ascertained by the Cantonment Board and communicated to the Central Government through the Principal Director, Defence Estates, the Command, shall be taken into consideration by the Central Government.