If the property is built/accumulated by your father only. Then he can decide what to do with it. The problem arises when the owner of said property (ie your father) is no more and the property was still in his name then your sister can claim her right to inheritance from that property.
However if the father gifts the properties to you or someone else via a gift deed then she cannot.
He can also sell those and give you people the money.
A Will is also an idea that comes to mind but in practical cases it is always challenged & proving it takes some time and as such these cases to challenge are used to either wriggle out some money or just to harass.
Also your father can disown the daughter by announcing it in newspapers etc but still there can be a case filed by her for inheritance.