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

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

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

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

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

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

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,

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

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

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