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5 For constructionThe advance should not exceed/enlargement ofaccommodation in ruralareas ( not falling on theperiphery of a town orRs.1.8 Lakhs or 80% of true cost ofland and construction or cost ofenlargement and further restricted tohis repayment capacitycity)6 Where the employee The amount of HBA shall beowns a house jointlywith other relations, orrestricted to 60% of the amountnormally admissible to himhas coparcenary sharein a house belonging toHUF of which he is amember and theemployee desires tohave a separate housefor himselfNote: Amount of advance can be reduced at the request of theemployee (to avail reduced rate of interest) if the entire advanceis not drawn.Repaying capacityLength of remainingserviceOfficials retiring after 20yearsOfficials retiring after 10years but before 20yearsOfficials retiring within10 yearsRepaying capacity40% of Pay( Basic Pay +SI + NPA)40% of pay (Basic Pay +SI + NPA); 65% ofgratuity may also be adjusted.50% of pay (Basic Pay +SI + NPA); 75% ofgratuity may also be adjusted.Conditions for admissibility of HBAa) The house to be purchased/constructed should be either at theplace of duty or at the place where the employee proposes tosettle after retirement.b) Employee /spouse/minor child should not own a house in thetown/urban agglomeration where house/flat is proposed to beconstructed/acquired.c) The title of the land should be clear in the name ofemployee/spouse/jointly.d) In case of purchase of ready built house/flat from privateparties the house/flat should be new and unlived in.e) The house/flat should be used for residential purposesonly.Page 159 of 159