HBA allowed if the land/building is owned individually or jointly with spouse

32622 Dt.26.10.2024
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Revision of admissibility limit of House Building Advance for State Government Employees

Provisions included ;

• House Building Advance sanctioned in respect of Government Employees can also be utilised for repayment of Bank Loan taken previously for the purpose of purchasing land and construction of buildings thereon.

• The amount of House Building Advance in favour of Government Employees shall be released in one installment in case of repayment of outstanding Home Loan taken from Bank. 

32344 Dt.24.11.2023

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Reference : 

OM No.17502/F dated 13.07.2022

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