Revised House Building Advance-wef 27-11-2008

House Building Advance for Central Government Employees after 6 CPC
Some important features:-
AMOUNT OF ADVANCE:
will be the LEAST of the following:-
(i) 34 times the pay in the pay band.
(ii) The cost of construction.**
(iii) Rs. 7,50,000/- ***
(iv) Repaying Capacity.
** 80% of cost in rural areas.
*** Rs. 1,80,000/- in case of enlargement of existing house.
COST CEILING
134 times of pay in the pay band subject to a minimum of Rs. 7.50 lakh and a maximum of Rs.30 lakh
Administrative Ministry may relax the cost ceiling to 25% of cost ceiling mentioned above in the individual cases on merits.
COST CEILING
134 times of pay in the pay band subject to a minimum of Rs. 7.50 lakh and a maximum of Rs.30 lakh
Administrative Ministry may relax the cost ceiling to 25% of cost ceiling mentioned above in the individual cases on merits.
(Effective from 27th November, 2008)

please contact the following link for details.

http://cid-ac4b39fef550faa5.skydrive.live.com/browse.aspx/.Public?uc=2