House Building Advance Rules (HBA) – 2017 for Central Government Employees

Central Govt Employees

From time to time Govt of India has been revising House Building Advance Rules (HBA) – 2017 for Central Government Employees which are of much concern if any employees want to avail House Build advance/Loan/Home loans.

Government of India
Ministry of Housing & Urban Affairs
Housing-III Section

Nirman Bhawan, New Delhi, 
Dated 09.11.2017


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.

Also Read:- 7th Pay Commission: Additional House Rent Allowance (HRA)

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.

viii. Existing employees who has already taken Home Loans from Banks and others Financial Institutions are allowed to migrate to this scheme , subject to fulfillment of extant conditions.

ix. Constructing only residential portion of building on a plot earmarked for a shop cum residential plot , in a residential colony, subject to prescribed cost conditions.

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Source:- Ministry of Housing and Urban Affairs

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