House Building Advance Rules (HBA) — 2017
I.17011/11(02016-H-III
Government of India
Ministry of Housing & Urban Affairs
Housing-III Section
Nirman Bhawan, New Delhi,
Dated 09.11.2017.
OFFICE MEMORANDUM
Subject: House Building Advance Rules (HBA) — 2017.
The following House Building Advance Rules is in supersession of existing rules on the subject:
1. Introduction
Grant of House Building Advance for Central Government employees is regulated in terms of rules and regulations laid down from time to time by the Ministry of Housing & Urban Affairs (erstwhile Ministry of Urban Development). These rules are as under:
2. Purpose
House Building Advance (HBA) is admissible to an employee for only one of the following purposes:-
i. Constructing a new house on the plot owned by the employee or spouse, either jointly or individually.
ii. Purchasing a plot and constructing a house thereon.
iii. Purchasing a plot under co-operative Schemes and constructing a house/ flat thereon or acquiring a house through membership of Cooperative Group Housing Societies.
iv. Purchase/construction of house under the self-financing schemes of Delhi Bangalore, UP, Lucknow etc.
v. Outright purchase of a new ready-built house/ flat from Housing Boards, Development Authorities and other statutory or semi-Government bodies and from registered builders i.e., registered private builders, architects, house building societies, etc., but not from private individuals.
vi. Expansion of living accommodation of an existing house owned by the employee or jointly with spouse. The total cost of the existing structure (excluding cost of land) and the proposed additions should not exceed the prescribed cost ceiling under these rules.
vii. Repayment of loan or advance taken from a Government or HUDCO or private sources even if the construction has commenced, subject to certain conditions.
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SREEKUMAR S says
Sir,
i am working under Ministry of Agriculture and Farmers Welfare since 2004. My date of retirement is 31.03.2042.May i buy a property with house from a private individual?
M.K.KUMAR says
You buy the properly before that you have to inform office with prof of your financial details for it & with their permission.
Sandip Jana says
To whom one can apply for HBA..? Or what is the actual method to apply for HBA of a railway employee completing 4yrs of service…?
M.K.KUMAR says
Employee should be in a PERMANENT POST or 10 years in service,
Pankaj sharma says
From where form for migration of home loan to HBA can be brought ?????