GOVERNMENT O HOUSING DEPARTM ENT

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ector Genal Housing91‐92242

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GOVERNMENT OF KHYBER PAKHTUNKHWA

HOUSING DEPARTMENT

KHPAL KOR AFFORDABLE HOUSING SCHEME FOR

GOVERNMENT SERVANTS

Contents Salient Features of The Khpal Kor Affordable Housing Scheme ........................................................... 2

Scheme wise available plots are as under .............................................................................................. 2

Eligibility Criteria .................................................................................................................................... 3

Lower and Upper Ceilings of Khpal Kor (2k) Home Finance.................................................................. 3

Period of Finance .................................................................................................................................... 3

Mark Up Rate .......................................................................................................................................... 3

Home Finance Repayment ..................................................................................................................... 4

Insurance ................................................................................................................................................. 4

Payment of Salary Through Bank of Khyber ......................................................................................... 4

Late Payment ......................................................................................................................................... 4

Processing Fee ........................................................................................................................................ 4

Calculation of Monthly Installment and Amortization .......................................................................... 4

Securities Against House Finance .......................................................................................................... 5

Regulation .............................................................................................................................................. 5

Procedure for Submission of Application Forms ................................................................................... 6

1

Introduction A huge scheme of KhpalKor low cost affordable housing has been launched with the help of

Bank Home Financing facility, benefiting a large number of government servants and

general public. In the first phase the facility has been extended to the existing allottees

(Provincial Government Servants only) of Jalozai Housing Scheme, Mulazai Housing

Scheme Peshawar, Havellian Township Abbotabad and Jerma Housing Scheme Kohat. In

the second phase the scheme will be extended to the government servants who will be

allotted the balance plots in the said housing schemes, through computerized draw. In third

phase low cost affordable build up houses and apartments will be provided to government

servants (initially in the KhpalKor Scheme‐I at DheriZardad on main motorway near

Charsadda Interchange under PPP. In the 4th phase build up apartments will be provided to

government servants in different cities under PPP.

The initiative will provide planned affordable housing, stabilize the soaring real estate

prices and generate huge economic activity in the province. Under the scheme the banks

will provide home finance facility under a tripartite agreement between Banks‐Employees‐

Government/PHA. The Construction will be undertaken by allottees themselves and

completed in one year. A 5 Marla single storey house having 2 bed rooms, DD, Porch,

Kitchen, two baths, backyard will cost about Rs. 18 lacs including cost of land and

development.

The prospective return from the house will be sufficient to pay back the installments rather

would fetch some saving as well besides increase in the value of the house . Regional

Facilitation Centers have been established at Peshawar, Swat, Abbotabad and Kohat for

free facilitation of the aspiring government servants as well as general public, in

preparation of the documentation for the bank home finance facility.

Arrangements (optional) for low cost affordable construction material/preferably

technology are being negotiated with Chines & Local companies.

2

Salient Features of The KhpalKor Affordable Housing Scheme

Plots will be allotted to the government servants in the following existing housing Schemes namely; 1) Jalozai Housing Scheme District Nowshera 2) Mulazai Housing Scheme District Peshawar 3) Jerma Housing Scheme District Kohat 4) Havellian Township Abbottabad.

Scheme wise available plots are as under

Jalozai Housing Scheme

S#

Size of the Plot Total No. of Plots

Available for Allotments

Total Cost of the Plot

Advance Payment with Application

1 5 Marla 259 Rs: 710,400 Rs: 50,000

2 7 Marla 457 Rs: 993,600 Rs: 75,000

3 10 Marla 173 Rs: 1,419,600 Rs: 100,000

4 20 Marla 612 Rs: 2,840,400 Rs: 200,000

Total Available Plots

1501

Mulazai Housing Scheme

S#


Available for Allotments Total Cost of the

Plot


1 5 Marla 130 Rs: 924,000 Rs: 50,000

2 10Marla 66 Rs: 1,848,000 Rs: 100,000

Havellian Township

S#



Plot


1 5 Marla 23 Rs: 720,000 Rs: 50,000

2 10Marla 11 Rs: 1,458,000 Rs: 75,000

Jerma Housing Scheme Kohat

S#



Plot


1 5 Marla 118 Rs: 540,000 Rs: 50,000

2 7 Marla 0 Rs: 1,080,000 Rs: 75,000

Note:Size of plots are approximate and subject to modification on actual measurement at the time of handing over of possession.

3

Eligibility Criteria

1) In the subject Scheme titled “KhpalKor (2K) Low Cost Housing Scheme”, the Client must be a Regular Employee of the Provincial Government of Khyber Pakhtunkhwa or State owned autonomous entities of the Government of Khyber Pakhtukhwa with minimum 2 years of verifiable service history

2) Age at the time of applying for facility must be 25 to 55 years. However, Home Finance maturity (expiry) will not be extended beyond superannuation of the Clients (i.e. 60 years of age of the Clients).

3) The Average monthly verifiable Gross Income shall be Three (3) times of the proposed monthly installment; with minimum Gross Monthly Salary of PKR 50,000/‐. A Client can also add other verifiable monthly income to supplement the verifiable Gross Income for consideration of Home Finance.

4) The proposed Home Finance installment plus other finance facilities installments (if any) be less than 50% of the take home salary / income.

5) The Client(s) shall not be Home Finance Defaulter(s) in any of the scheduled Bank(s) and should not be party to a litigation against any Bank, in particular the Bank of Khyber. A Certificate to this effect shall be provided by the Clients at the time of submission of application.

6) Have no other residential plot in his/her name /dependents in any scheme under PHA

Lower and Upper Ceilings of KhpalKor (2k) Home Finance

1) The amount depends on the requirement of every applicant and would be uptoRs. 18 lacs for Marlas, Rs: 2.5 million, 3 million for 10 marlas and 4 million for 1 kanal.

2) The maximum amount of Home Finance approved by the Bank of Khyber, albeit non‐ negotiable, would be PKR 4.0 million. This would be subject to age and income of the employee and other considerations as detailed in this Tripartite Agreement.

3) The Debt to Equity Ratio would be 80:20 and is non‐negotiable. 4) The Home Finance shall be released as per plan agreed with the Client.

Period of Finance

The Home Finance would be provided to the eligible Clients for a period not exceeding 20 years from the date of crediting of amount into the Client's Bank account or the remaining service period, whichever is less. However, construction must be completed within 12 (twelve) months of crediting of Home Finance into the Client's account and a certificate to this effect shall be furnished within one month after the said completion.

Mark Up Rate

The predetermined non‐negotiable Markup Rate shall be 1 (One) year KIBOR plus 1% or 2% for a year, depending on the choice of bank at the time of signing of the Tripartite Agreement for BHF.

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Home Finance Repayment

A Repayment Installment shall be due on the 1st of each month or receipt of monthly salary in Client's account (whichever is earlier) which is to be maintained with any of the branches of The Bank of Khyber across Pakistan. The account will not be shifted from The Bank of Khyber until complete retirement of the Home Finance.

Insurance

The Client agrees to pay The Property (Building) Insurance from an “A” Rated Insurance company with a maximum premium rate of 0.2% plus taxes as well as an “Accidental Death Life Insurance” with a maximum premium rate of 0.3% plus taxes.

Payment of Salary Through Bank of Khyber

The District Accounts Office will transfer the salary of the Client to the account of the Client maintained with a designated branch of The Bank of Khyber.

Late Payment

Late Payment Fee is not applicable against payment of Home Finance Installment. However, the Client hereby authorizes The Bank to deduct installment from his/her Bank Account in case the monthly salary is not received in the Bank, for any reason, up to the 15th of each month.

Processing Fee

The Bank of Khyber will charge Rs. 1500 plus Federal Excise Duty as processing fee payable by the Client.

Calculation of Monthly Installment and Amortization

1) The Amortization Table and calculated monthly installment for all purposes be considered a part of this Tripartite Agreement and the Client agrees to and abide by the Amortization structure and Monthly Installment Plan relevant to the approved Home Finance.

2) Stamp duty and other charges payable for Deed of Mortgage or charge shall be paid by the Client.

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Securities Against House Finance

1) The Client's salary account shall be maintained with The Bank of Khyber and the salary shall not be transferred to any other bank without NOC from BOK, on any grounds whatsoever, till adjustment of the subject Home Finance.

2) The Client execute an Equitable mortgage by depositing original allotment letter issued by the Provincial Housing Authority with The Bank till repayment of any outstanding amount of Home Finance and interest payable on account thereof .

3) The Bank's lien on property shall be duly marked with relevant authority which in this case is the Provincial Housing Authority/Housing Department, Government of Khyber Pakhtunkhwa.

4) The Client shall provide Personal Guarantees for themselves as well as for co‐Clients(s) as per requirement of The Bank of Khyber.

5) The Client shall provide a List of Documents which shall form part of this Tripartite 6) Agreement (Attached as Annex to the Tripartite Agreement) 7) In case of default in execution of the mortgage in favor of the bank to secure the

Home Finance or in default in repayment of installments and/or interest thereof, the bank may exercise its power under the Power of Attorney executed by the Client in favor of the Bank and to take all actions under the said Power of Attorney including completion of conveyance deed, taking possession of the title deeds and/or possession of the allotted plot.

Regulation

1) The Regulator/GoKP‐PHA shall ensure that the Client shall abide by the terms of this agreement and will not shift his/her salary to any other bank or other means, save with other branch of The Bank of Khyber, without NOC from the Regulator and shall take disciplinary action in case of such violation, against the Client under Efficiency & Discipline Rules 2011.

2) Applications for Bank Home Finance shall be routed through the Regulator through the Office of Director General Provincial Housing Authority.

3) The Regulator shall endorse the agreement through DG Provincial Housing Authority.

4) The Regulator shall provide a copy of this agreement to the Controlling Officer and Drawing & Disbursing Officer of the Client to take effect in the transfer of the salary of the Client to The Bank of Khyber and ensure that the salary is not transferred to any other bank other than The Bank of Khyber.

5) The Regulator shall establish Regional Facilitation Centers for helping the Clients in preparation of the required documents for the Client.

6) The Regulator shall coordinate with the First &Third Party and shall ensure that the interests of both the parties are protected/safeguarded under the provision of this agreement and no party violates the contractual obligations.

7) The Regulator will coordinate with the Bank and shall maintain record of the Home Finance granted, repaid and outstanding, through online link with the Bank.

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Procedure for Submission of Application Forms The forms may be submitted to the following Banksmentioned against each housing scheme

1. Havellian Township and Mulazai Housing Schemeforms may be submitted in MCB Bank2. Jaloza

Hosing Scheme andJerma Housing Scheme forms may be submitted in Bank of Khyber

a) Submission of application 1. Applicants are advised to submit their applications, duly filled in, on the

prescribed application form (Annexed/available on website of PHA) upto the date to be notified in the Newspapers, in the designated branches of theMCB andBank of Khyber, As mentioned above.

2. Applications must be accompanied with the down‐payment. 3. Rs. 500 as processing fee (non‐Refundable) for all categories of plots. 4. The completed applications will be submitted in person/ through bearer in the

designated branches of The Bank of Khyber 5. This payment receipt must be kept in safe custody till receipt of allotment order

or refund of advance money in case of unsuccessful applicants.

b) Detail of required documents to be attached with application form. i. Original application form (Annex‐A) duly signed / filled in / complete in all

respect with photograph size (3.5 x 3.5 cm). ii. Advance Deposit slip duly filled. iii. Attested copy of CNIC. iv. A certificate from the Department that the applicant is a regular employee of

the Provincial v. Government of Khyber Pakhtunkhwa.

c) Refund of unsuccessful applicants.

i. Refund of advance to unsuccessful applicant will be made after the balloting process is completed but not later than two months. The refund will be obtained from the same branch of the BoK where the application was submitted, on the surrender of original application receipt. The applicant can authorize his/her representative to collect the refund pay slip in the name of original applicant on the provision of the following.

ii. Letter of Authority duly signed by the applicant, as per his/her specimen signatures given of the original application.

iii. Attested copy of CNIC of applicant. iv. Attested photocopy and original CNIC of the representative. v. Original receipt duly signed by the applicant on its reverse as per signature on

the application form. vi. The refund pay slip duly crossed as “payees account only” and marked as “not

transferrable” will be issued to the unsuccessful applicants by the locally designated branches of Bank within 30 days from the date announced by PHA for start of refund.

vii. Applicants will have to indicate in the application form the name of one nominee (not a minor) alongwith his/her relationship with the applicant mentioning National Identity Card No to whom the refund is to be made in case of death of an unsuccessful applicants.

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d) Applications with the following deficiencies are Liable to be Rejected i. Any over‐writing in the category/plot size columns or circling of more than one

category/ plot size. ii. Leaving any of the details un‐filled in the application form. c) Absence of

signatures of the applicants. iii. Applications without required documents.

e) Mode of Payment

i. The cost of plot will be recovered from the bank home finance and shall be deducted at source under an agreement between Bank‐employee‐Provincial Housing Authority in the following manner. a) Advance Payment as above b) 20% from first installment of Bank Home Finance c) 30% from Second installment of Bank Home Finance d) Balance from

third instalment of Bank Home Finance. ii. The applicant can pay the cost of plot from his own saving in three instalments

as above if he/she does not want to avail the BHF facility.

f) Miscellaneous i. The allotment shall be done by balloting through computer in a transparent

manner. ii. The actual amount of price payable by the allottee will be adjusted on actual

measurement of the plot by the Authority at the time of handing over the possession of the plot.

iii. Construction will be executed by allottees themselves iv. The construction shall be completed in one year or as agreed with Bank. v. The house will be constructed according to the designs to be provided by PHA

free of cost. vi. The plot shall not be divided in to two parts, however amalgamation of the plot

shall be allowed with prior permission of the PHA. vii. The allottee can contribute the cost of construction from his/ her own savings. viii. The allottee can obtain partial or full amount of BHF from bank. ix. Provision will be made in the design and structure for vertical construction in

future (at least ground plus two storeys). x. If for any reason the allottee surrenders the plot to the authority 20% of the

deposited amount of the plot shall be forfeited and the balance amount will be refunded.

xi. In case allotment of plot is obtained by giving false information/affidavit, the allotment will be cancelled and 30% of price of plot shall be forfeited, whenever the factual is brought in the notice of PHA .

xii. On completion of the construction of the house on the plot and fulfillment of the terms and conditions contained in the Sale Agreement, the Authority on the

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request of the allottee will execute conveyance deed in his/ her favour at his/her cost and expense.

xiii. Intimation shall be given to the Authority in case of devolution of interest in the plot by inheritance or operation of law.

xiv. The allottee shall be liable to pay from the date he takes over possession of the plot all the assessment, duties charges (including betterment and maintenance charges) and imposition which may now or hereinafter be charged or imposed upon or be payable in respect of the said plot or anything related thereto by any competent authority (including the PHA) under any law, rules, regulations, by‐law or order for the time being in force.

xv. Any officer of the PHA authorized in this behalf shall have the right to enter upon the plot or building there upon at all reasonable hours of the day in case of any complaints/violations.

xvi. The allottee shall comply with and abide by the rules regulations, bye‐laws, orders or directions that may be issued from time to time by the PHA or any other concern Authority.

xvii. The PHA reserves to itself the right to cancel the allotment of any plot, resume its possession and forfeit 10% of the deposited amount in case of contravention of any condition of allotment and may also take possession of the building constructed on the plot or any material found there without any compensation if not removed within a given time.

xviii. Ifan applicant, his/her spouse or dependent child/children are declared successful for more than one plot ONLY ONE PLOT WOULD BE ALLOTTED.

xix. The allotted plots and houses would be transferrable after 100% payment to PHA dues subject to payment of transfer fee and fulfillment of other terms and conditions as may be prescribed by the authority from time to time.

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Addresses for Bank

of Khyber Branches

Abbottabad

934‐A, Mansehra Road, Abbottabad Faisalabad Opposite MC College Kotwali Road Faisalabad

Sadar Road Shop No. 9, 10 11 at Super Market Adjacent State Bank, Sadar Road, Peshawar

Shabqadar Khsra No. 424411, 59‐162 Opposite Shabqadar Forte Gate, Shabqadar

LakkiMarwat Olympic Plaza Qayyum Stadium

Haripur Shahra‐e‐Hazara, Haripur

Hayatabad Royal Plaza, Hayatabad, Bara Market, Jamrud Road, Peshawar

Hayatabad Phase

3Chowk

Shop No. 2, Saif Shopping Mall Phase 3, Hayatabad Chock, MianJamrud Road Peshawar

Alpuri (Shangla) Khsra No. 1283, 84 & 86 Munir Plaza Adjacent MCB, Besham Road, Alpuri

Islamabad F10 Markaz, Almaroof Hospital Building Islamabad Hyderabad Plot No. 444, 445, 446, 447 & 449 Main Bohari Bazar Sadar Cantt Hyderabad

Tank Adda Bazar Tank

Mall Road Pesh Office No. 1 Ground Floor Khanis Plaza Mall Road Peshawar

Mansehra Opposite GTS Stand, Abbotabad Road, Mansehra

Mardan Ground Floor Chamber House Awan‐e‐Sanat‐Tejarat Road College Chock Mardan

Khyber Bazar Balagh Hotel Khyber Bazar, Peshawar Lower Dir

Main Bazar Lower Dir

Bannu Outside Lakhi Gate, Bannu

Battagram Hafsa Medical Center Shahra‐e‐Rasham Opposite Alfalah Bank Battagram

Shireen Jinnah Colony Clifton, Shireen Jinnah Colony, Karachi

Swabi Branch Jamil Khan Market Mardan Road Swabi

Torghar Quarter No. 1, Dist Head

University Road Etihad Plaza, Near Shiraz Restaurant University Road, Peshawar

Pabbi

Ajun Market, GT Road, Pabbi Nowshera

Karak

Khsra No. 1327/1364 Main Muqadas Gul Market, Main Bazar Near NBP Bank

Kohat

Shop No. T‐147, T‐148 Main Bazar, Kohat

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Hangu

Opposite DCO Office Main Bazar, Kohat Road, Hangu Civil Secretariat

Police Lines Road, Peshawar Quetta

Jinnah Road Quetta Muzaffarabad

Secretariat Road, Muzafarabad, AJ&K Nowshera

Main Bazar Nowshera KharBajaur Agency

Abid City Center Ground Floor, Lt. Sajad Khan Shaheed Bypass Road, Khar Bazar Bajaur Agency Badami Bagh

Plot No. 119, Auto Market, Badami Bagh Lahore

D.I.Khan

Circular Road D.I. Khan

Mingora

Sultan Plaza Adjacent to NBP Main Branch, Saidu Shareef Road Gul Kada, Mingora Swat Batkhela

Main Bazar Batkhela Attock

Properly No. B.V. 99 Committee No. E‐3 Attock City Buner

Main Bazar Buner

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