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| Circular number | RBE 174/1999 |
|---|---|
| Date | 1999-07-14 |
| Type | Rates Master Circular |
| Topic | ticket-checking |
In the case of advance for purchase of plot and construction of house, the advance will be
To Change the colour of the Background Click on the Button Below. Antique white Bisque silver slate green cadet blue white azure Original MASTER CIRCULAR Master Circular No. 50 House Building Advance. House Buliding Advance Interest Bearing Advances. (Revised Master Circular No. 50) Master Circular No. 50 incorporating consolidated instructions in respect of House Building Advance was issued vide Board's letter No. F(E)Spl. 93/ ADV. 3/4 dated 25.5.1993 (RBE 71/93). Since then, several modifications/revisions of the rules governing House Building Advance have taken place. As such, in supersession of the existing Master Circular No. 50, a revised Master Circular incorporating all the instruction presently in vogue has been brought out and is sent herewith. House Building Advance Grant of House Building Advance is regulated in terms of rules and regulations laid down from time to time by the Ministry of Urban Development for Central Government employees in general. These instructions apply mutatis mutandis to Railway employees. 1. Purposes: The advance is admissible to an employee for only one of the following purposes: i. Construction of a new house on a plot owned by the official or by the official jointly with his/her spouse. 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. Outright purchase of a new ready-built house/ flat from Housing Boards, Development Authorities and other statutory or semi-Government bodies and also from private parties i.e., registered builders, architects, house building societies, etc., but not from private individuals. v. Outright purchase from Joint Venture of authorities/ Boards etc., approved under HBA Rules and Registered Private Builders. [Authority: Board's No. F(E)Spl. 99/ADV.3/8 dated 14.7.1999. (RBE 174/1999)] vi. Purchasing/construction of house under the self-Financing Schemes of Delhi Bangalore, UP, Lucknow etc. vii. Enlarging living accommodation in an existing house owned by the official or by the official jointly with his/her spouse, subject to cost ceilings laid down under the rules. [Authority: Board's No. F(E)Spl. 78/ADV.3/1 dated 19.4.1978.] viii. Repayment of loan or advance taken from a Govt. or Hudco or non-Government sources to build the house, even if the construction has commenced subject to certain conditions. [Authority: Board's No. F(E)Spl. 89/ADV.3/9 dated 31.5.89 (RBE 130/1989)] ix. Constructing residential portion only of the building on a plot, which is earmarked as a shop-cum-residential plot, in a residential colony, subject to the prescribed cost ceilings. Note: 1. Advance is permissible for purchase of a house under the Self Financing Scheme of Indian Railway Welfare Organization. [Authority: Board's No. FF(E)Spl. 91/ADV.3/6 dated 24.4.1991. (RBE 84/1991)] 2. In the case of a plot owned by the official jointly with his/her spouse, both husband and wife should be willing to mortgage the land/house in favour of the President of India, as a security for repayment of the advance. The application in such a case should be accompanied by a letter from the husband/wife, as the case may be, that if the HBA applied for is sanctioned, the husband/wife will mortgage his/her share of the land/property jointly with his/her spouse, as security for repayment of advance. [Authority: Board's No. F(E)II 69/ADV. 3/1 dated 20.4.1970 and 30.5.1969] 3. HBA is not admissible for purchase of land only. 4. HBA is not admissible for acquiring a house on hire-purchase basis, but on conversion of hire-purchase flats/houses into outright purchase this becomes permissible, provided the purchase is made from State Housing Boards or similar Govt. controlled bodies. [Authority: Board's No. F(E)Spl. 89/ADV.3/7 dated 8.5.89 (RBE 121/1989)] 5. HBA is not admissible for payment of earnest money or initial registratio
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