17 Dec 2012
Corpus Fund – Definition
In the context of Co-operative Housing Societies (CHS), The Corpus Fund is typically handed over by the Builder to the Society. However, the Society may contribute further and utilize the Corpus Fund by making Rules with the approval of the General Body. However, such fund cannot be taken from the person transferring flat/tenement/right to share/share
17 Dec 2012
Sinking Fund – Definition
In the context of Co-operative Housing Societies (CHS), A Sinking Fund consists of contribution from all Members, at the rate fixed at the General Body Meeting from time to time, subject to the minimum of of 0.25 percent per annum of the construction cost of each flat. Utilization: On the Resolution passed at the meeting
17 Dec 2012
Repairs & Maintenance Fund – Definition
In the context of Co-operative Housing Societies (CHS), A Repairs & Maintenance Fund consists of contribution from all Members, at the rate fixed at the General Body Meeting from time to time, subject to the minimum of of 0.75 percent per annum of the construction cost of each flat for meeting expenses of normal recurring
17 Dec 2012
Reserve Fund – Definition
In the context of Co-operative Housing Societies (CHS) A Reserve Fund comprises of - a) the amounts carried to this fund, from year to year, out of the net profit of that year b) all entrance fees received by the society from its members c) all transfer fees received by the society from its members
02 Dec 2012
Tips to build a Successful RWA
During the National Conference of RWAs, we cornered Mr. M. Nagaraja, who founded the Jayanagar RWA of Bangalore, 32 years back. A Survey Expert with the Indian Government, a Professor and a 76 year old witty Social Leader who believes in moving mountain using rapport, we persuaded him to share with us his Do’s and
02 Dec 2012
National Conference of RWAs
ApartmentADDA team attended and presented in the National Conference of RWAs on 23-24 November, held in Hyderabad. The purpose of this Conference was to share best practices across RWAs in India and work together towards common goals. Representatives were from Noida, Ghazaiabad, New Delhi, Mumbai, Nagpur, Bhubaneshwar, Hyderabad, Trivandrum, Bangalore and Chennai. The Conference which
18 Nov 2012
Grab the Weekend – 2013 Photo Contest
After the high spirited participation with visual treats last year, the ApartmentADDA Photo Contest is back this year! The theme this year is: GRAB THE WEEKEND! Weekend – the days when time is yours! The days when you need not DO and just BE. Be what you want to – a cook, a gardener, a
11 Nov 2012
Facility Booking Upgrades
Dear ADDA Users, We have released a bunch of upgrades on your Facility Booking Application. 1. Introducing “Tatkal Period” For facilities with huge demand, you can now set the number of days before which a facility can be booked. This can be set by editing a facility. 2. Introducing “No Booking Period” Now the Association
11 Nov 2012
CTS 2010 Standard Cheques
Dear ADDA Treasurers, RBI is mandating the use of new format Cheque leaves – known as CTS 2010 standard Cheques from 01-Jan-2013. UPDATE ON 19-DEC-2012: RBI has now extended the deadline to 31st March 2013 to withdraw non-CTS 2010 standard cheques in circulation. RBI has also advised that although any residual non-CTS 2010 standard cheques
10 Nov 2012
Testimonial-Chaitanya Samarpan
Mr. Giri Govi MC Member (2012-2013) Chaitanya Samarpan “Great Product and Amazing Support” As a newly elected member of the Managing Committee of my community, I have started looking into the features of the portal and am amazed at the capabilities this can provide. The features are well thought out and provides an easy way
25 Oct 2012
Launching Apex ADDA!
Dear ADDA Users, We are happy to announce the launch of a new Feature - The Apex ADDA. Background In large Apartment Complexes made of multiple Towers/Buildings, we frequently find each Tower or Building having its own Registered Society. These Societies together form an Apex Body to manage the common facilities – like Clubhouse, Common
17 Oct 2012
Testimonial-Temple Bells
Balaji Santhanam Treasurer (2011-2012) Renaissance Temple Bells “Delighted with ApartmentADDA accounting” I am delighted with ApartmentADDA’s Accounting Solution, which is tailor made for society accounting. This is very useful tool for credit control and reconciliation of Bank Account. It acts more or less as a ERP package for a society. All the Best for your
15 Oct 2012
Waste Management for Apartments – Slides
Consolidated here are all the Presentations from the Solid Waste Management workshop on 13-Oct-2012. Thanks to all the Speakers for making these available to all other forward-thinking Communities to reuse the Lessons Learnt. Presentations: “Journey for Harmonious Living” – Madan Vinayak Kumar, Waterwoods (50 Apartments, Whitefield) Waterwoods – Waste Management practise from ApartmentAdda “An Expedition
15 Oct 2012
Waste Management workshop for Apartments
On 13-Oct-2012, ApartmentADDA and DailyDump together concluded an info-packed workshop on Solid Waste Management, exclusive for Apartment Complexes. Case-Studies from 8 Apartment Complexes were shared. These Apartment Complexes that started Waste Management initiatives years before it was a law and were represented were: National Games Village, Sobha Aster, Tzed Homes, Sterling Brookside, WaterWoods, Diamond District,
12 Oct 2012
1 Crore Payment Gateway Transactions Crossed
Hello ADDA Users, We want to thank every one of you who have used our Online Payment Gateway Facility to pay your Society dues. Today, we cross Rs.1 Crore in transactions settled via our Payment Gateway. We have crossed this mark within 1 year of launching this facility for our Premium ADDAs. What this means
29 Sep 2012
Introducing Refundable Deposit Workflow
Hello ADDA Treasurers, The long awaited / requested feature is now available – The Refundable Deposit Workflow. Here is the sequence of this workflow. 1. Member while booking the Party Hall gives a Refundable Deposit say Rs.5,000. 2. After the Party is over, the Estate Manager discovers a broken light Fixture worth Rs.1,000. 3. When
24 Sep 2012
Testimonial – Brigade Metropolis
Anil Danti,President ,Brigade Metropolis “Maintenance collection improved by 60%. Accountant, Property Manager time utilization improved to great extent” ApartmentADDA team has been of immense help in getting our campus data management online in a short span. Their approach to us has always been how to help us to make it better. Several features
05 Sep 2012
Daag Achhe Hain
A LEAF FROM THE TEAM JOURNAL Just had a call with a Customer – Treasurer of a Housing Society with 240 Apartments. His Situation: Gas Bills for all Flats are generated on their ADDA. They upload the Units Consumed, ADDA calculates and posts the Bills according to the rates they have set up. Bill amounts
29 Aug 2012
Introducing Deposit Slips
Hello ADDA Treasurers, Here is an easy way to generate Deposit Slips. In all the Income Tracker Collection screens you will now see a drop down for a Deposit Slip Number. This is tied to every Bank & Cash Account you have. When you want to start on a new Deposit Slip Number, choose the
26 Aug 2012
Photo Album in your ADDA!
The Festival season just got kicked off by Independence Day! Nothing brings a community together like bright and colorful festivals do. And the spirit of celebration gets captured in cameras – of yours and your neighbors’. The same moments, captured from different perspectives! Every festival season your community generates a wealth of Photos that you
