Microsoft Word - Brochure for Khpal Kor New Plot Allotment

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1‐92242

FKHYBE

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PAKHTU

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NKHWA

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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Submiss ion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



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



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

 TotalAvailable

Plots

1501



MulazaiHousingScheme



SizeofthePlot

TotalNo.ofPlots

AvailableforAllotments

TotalCostofthe

Plot

Advance

Paymentwith

Application



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



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



HavellianTownship



SizeofthePlot

TotalNo.ofPlots

AvailableforAllotments

TotalCostofthe

Plot

Advance

Paymentwith

Application



5Marla 23 Rs:720,000 Rs:50,000



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



JermaHousingSchemeKohat



SizeofthePlot

TotalNo.ofPlots

AvailableforAllotments

TotalCostofthe

Plot

Advance

Paymentwith

Application



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



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‐negotia ble.

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.



4

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.



5

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 e ndorse 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.



6

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.



7



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



8

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.







9



10



11

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



12



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

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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

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Mingora

SultanPlazaAdjacentto

NBPMainBranch,Saidu

ShareefRoadGulKada,

MingoraSwat

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Batkhela

MainBazarBatkhela

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Attock

ProperlyNo.B.V.99

CommitteeNo.E‐3

AttockCity

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Buner

MainBazarBuner