In 2008, ADDA became the First Product to Define this Market as:
A Private Portal for Residential Communities, with Applications for
With ApartmentADDA, for the First Time any Indian Society collected Online- Via Credit Card/Debit Card/NetBanking.
ADDA itself is an Online Payment Aggregator (like ccAvenue, BillDesk etc.) dedicated to Housing Societies.
This ensures that it has sole accountability for the Online Payments made via any ADDA. Ensures the Lowest Transaction Charges (1.1% for Debit Card and 2.2% for Credit Card) and Next Business Day Money transfer to your Bank.
Why is this such a big deal? Mumbai is the Birthplace of the Cooperative Movement, and the Mecca for Housing Society Accounting & Compliances. There are 25+ Offline Software packages specific to Maharashtra Housing Societies.
ADDA for the first time took the Housing Society Billing & Accounting of Mumbai Online. For the First time Society Accountants used a 100% Automated Billing process, including Late payment Interest calculation, which is a Standard Mandate in Mumbai.
It is the first Online Software using which any Mumbai Society has closed its Books. The Society that did it was Oberoi Springs.
It is the first Online Payment Gateway using which any Mumbai Resident has paid his Society. The Society was Whispering Palms Xxclusive.