Section 3

The consideration money mentioned in sub-section (1) shall be paid in such instalment in such manner as may be prescribed. The unpaid portion of the consideration money together with interest or any other amount if any due to the Central Government on account of the transfer of any site or building under sub-section (1) shall be a first charge on that site or building, as the case may be, and notwithstanding anything contained in any other law for the time being in force, no transferee shall except with the previous permission in writing of the Estate Officer, be entitled to sell, mortgage or otherwise transfer (except by way of lease from month to month) any right, title or interest in the site or building transferred to him under sub-section (1) until the amount which is a first charge under this sub-section has been paid in full to the Central Government.