Brochure for Khpal

GOVERNMENT OF KHYBER PAKHTUNKHWA HOUSING DEPARTMENT

AFFORDABLE HOUSING SCHEME FOR GOVERNMENT SERVANTS

Director General Provincial HousingAuthority 091‐9224298

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

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.

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 Total No. of Plots Advance S Total Cost of the Size of the Plot Available for Payment with # Plot Allotments 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 1501 Plots

Mulazai Housing Scheme Advance S Total No. of Plots Total Cost of the Size of the Plot Payment with # Available for Allotments Plot Application 1 5 Marla 130 Rs: 924,000 Rs: 50,000 2 10Marla 66 Rs: 1,848,000 Rs: 100,000

Havellian Township Advance S Total No. of Plots Total Cost of the Size of the Plot Payment with # Available for Allotments Plot Application 1 5 Marla 23 Rs: 720,000 Rs: 50,000 2 10Marla 11 Rs: 1,458,000 Rs: 75,000

Jerma Housing Scheme Kohat Advance S Total No. of Plots Total Cost of the Size of the Plot Payment with # Available for Allotments Plot Application 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.

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.

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.

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.

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.

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

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.

Addresses for Bank Main Bazar Lower Dir of Khyber Branches

Abbottabad Alpuri (Shangla) Bannu 934‐A, Mansehra Khsra No. 1283, 84 & 86 Outside Lakhi Gate, Road, Abbottabad Munir Plaza Adjacent Bannu MCB, Besham Road,

Faisalabad Alpuri Opposite MC College Battagram Hafsa Medical Center Kotwali Road Islamabad Shahra‐e‐Rasham Faisalabad F10 Markaz, Almaroof Opposite Alfalah Bank Hospital Building Battagram Sadar Road Islamabad

Shop No. 9, 10 11 at Super Market Hyderabad Shireen Jinnah Colony Adjacent State Bank, Plot No. 444, 445, 446, Clifton, Shireen Jinnah Sadar Road, 447 & 449 Main Bohari Colony, Karachi Peshawar Bazar Sadar Cantt Hyderabad Swabi Branch Shabqadar Jamil Khan Market Khsra No. 424411, Tank Mardan Road Swabi 59‐162 Opposite Adda Bazar Shabqadar Forte Tank Torghar Gate, Shabqadar Quarter No. 1, Dist Head Mall Road Pesh LakkiMarwat Office No. 1 Ground Floor University Road Olympic Plaza Khanis Plaza Mall Road Etihad Plaza, Near Shiraz Qayyum Stadium Peshawar Restaurant University Road, Peshawar Haripur Mansehra Shahra‐e‐Hazara, Opposite GTS Stand, Pabbi Haripur Abbotabad Road, Ajun Market, GT Road, Mansehra Pabbi Nowshera Hayatabad Royal Plaza, Hayatabad, Mardan Karak Bara Market, Jamrud Ground Floor Chamber Khsra No. 1327/1364 Road, Peshawar House Awan‐e‐Sanat‐ Main Muqadas Gul Tejarat Road College Market, Main Bazar Near Hayatabad Phase Chock Mardan NBP Bank 3Chowk Shop No. 2, Saif Khyber Bazar Kohat Shopping Mall Phase 3, Balagh Hotel Khyber Shop No. T‐147, T‐148 Hayatabad Chock, Bazar, Peshawar Main Bazar, Kohat MianJamrud Road Peshawar Lower Dir

Hangu D.I.Khan Opposite DCO Office Circular Road Main Bazar, Kohat Road, D.I. Khan Hangu

Civil Secretariat Mingora Police Lines Road, Sultan Plaza Adjacent to Peshawar NBP Main Branch, Saidu Shareef Road Gul Kada, Quetta Mingora Swat Jinnah Road Quetta Batkhela Muzaffarabad Main Bazar Batkhela Secretariat Road, Muzafarabad, AJ&K Attock Properly No. B.V. 99 Nowshera Committee No. E‐3 Main Bazar Nowshera Attock City

KharBajaur Agency Buner Abid City Center Ground Main Bazar Buner Floor, Lt. Sajad Khan Shaheed Bypass Road, Khar Bazar Bajaur Agency

Badami Bagh Plot No. 119, Auto Market, Badami Bagh Lahore