Section 80(2)(b) in The M.P. Municipal Corporation Act, 1956
(b)with the sanction of the [Mayor-in-Council] [Substituted by M.P. Act No. 20 of 1998.], the Commissioner may by sale or otherwise grant a lease of immovable property including any such right as aforesaid, for any period not exceeding three years at a time of which the premium or rent or both, as the case may be, for any one year does not exceed three thousand rupees;