Delhi Municipal Corporation Act — Section 200

200. Disposal of property.—With respect to the disposal of property belonging to the Corporation,

the following provisions shall have effect, namely:—

(a) the Commissioner may, in his discretion, dispose of, by sale or otherwise, any movable property belonging to the Corporation not exceeding in value in each instance one thousand rupees, or such higher amount as the Corporation may prescribe, or let out or hire any movable property or grant a lease of any immovable property belonging to the Corporation, including any right of gathering and taking fruits and the like, for a period not exceeding one year at a time;

(b) the Commissioner may, with the sanction of the Standing Committee,—

(i) dispose of, by sale or otherwise, any movable property belonging to the Corporation the

value of which does not exceed five thousand rupees;

(ii) grant a lease (other than a lease in perpetuity) of any immovable property belonging to the

Corporation; or