Page 18 - 10 Most Promising Real Estate Technology Solution Providers 2019

AddA Software R eal Estate

Making Life Easier for Apartment Residents and their

Managing Committees

With ruthless competition in the Real Estate segment,
builders of gated communities are leaving no stone un-
turned to differentiate themselves in the market. Most
gated communities are now characterized by many
high-end amenities, maintenance of which is stren-
uous. Consequently, these gated communities have
become complex. The transparency requirements of
RERA (Real Estate Regulatory Agency) have only
added to the already complex setup, making the man-
agement of these entities a mammoth task.

Venkat Kandaswamy “Managing a gated community which involves main-
- CTO taining infrastructure, administration, water supply,
waste management, security, etc is similar to manag-
ing a small city,” believes San Banerjee, the CEO of
ADDA.IO- a one-stop solution for managing residen-
tial or commercial property. As one of the few compre-
hensive platforms that provide ERP as well as security
features, ADDA weaves together all aspects of gated
communities, right from the residents to the association “
office and security gates. Starting off in 2009, ADDA is
leveraged by some of the Premium builders and gated
communities including some of the largest and tallest
in India such as Prestige Shantiniketan and The Impe-
rial. What enabled the platform to achieve this feat is
the streak of constant innovation that is ingrained in
the DNA of the company.

Facilitating Stakeholders at Every Stage

Delighting stakeholders at every stage, users will find
that exchanging information and getting things done
was never this easy. Providing further insight, San Ba-
nerjee explains, “Once a residential or commercial unit
is sold, the builder subscribed to ADDA Enterprise is
immediately facilitated with ADDA(private portal) for
that property where the builder adds the buyer’s infor-
mation. Hereafter, all interactions between the builder
and buyer take place on ADDA. Once an association is
formed and the builder is ready to hand over the main-
tenance of the property, the association subscribes to
ADDA for Associations. The master data maintained
by builder smoothly flows into ADDA for Association
which then takes over the maintenance of the proper-
ty.”

ADDA is one of the few solutions that make life in
18 December 2019