Page 19 - 10 Most Promising Real Estate Technology Solution Providers 2019

residential apartments truly pleasant. Designed keeping practices, the platform has also emerged as one of the
usability as one of the core pillars, ADDA successfully first real estate management solution to go global cap-
caters to each group of user, be it the residents, accoun- turing the Middle East and South East Asian markets.
tants, managers or security guard. The platform facili- As the market continues to evolve with the advent of
tates buyers/residents with an online help desk where innovative technologies, ADDA is gearing up to facili-
they can lodge queries. Users can further view and pay tate its users with the advantages of AI and IOT.
their instalment using Net banking services on phone
while also creating snag lists for Ensuring Steady Flow of Funds

builders. Upon moving in, they can find recommenda- Generation and collection of maintenance bills, ensur-
tion for vendors of milk/newspaper, carpenters, maids, ing the bill is delivered to owners on time and chronic
cooks etc. With security gates digitised on ADDA, one defaulters who take advantage of disorganization in the
can get instant notification whenever a visitor checks payment structure and pay late are some of the biggest
in along with information on the entire inflow of work- challenges that surface in most multi-dwelling prop-
ers with instant capture and investigation of incidents. erties. ADDA enables associations to mitigate such
There is ADDA Security which can be leveraged for hindrance through a central online database of all own-
biometric or access card-based entry. One can contrib- ers and tenants with all required information such as
ute to the community on the online discussion forum email IDs and phone numbers. The magic begins with
and share pictures. You can use the Buzzar feature of ADDA’s Automated Billing and Collection Engine
ADDA to inform neighbours and public about the avail- which automatically generates formula driven mainte-
ability of the unit for rent or sale. On the Enterprise nance bills on time and which are then immediately
side of the application, builder’s can respond to the re- delivered to the owners via e-mail or SMS. The same
quirements and queries of the buyers/residents while is available on the ADDA mobile app where users can
constantly updating them about the progress of the con- make transactions via cards or net banking. Options to
struction, post images and more. record cheques and direct bank transfers are also avail-
able. All the reports of these payments are delivered in
real-time.

Designed keeping usability as one of the core pil-
lars, ADDA successfully caters to each group of
“
user, be it the residents, accountants, managers or
“
security guard

Cost-Efficient and Secured

ADDA is a cost-efficient platform that incurs 0.5-1% of
the total budget of associations. With ample scope for
revenue generation such as facility booking with on-
line payment and automatic late payment penalty, the
platform can be made self-funded. Of its security mea-
sures, San Banerjee shares, “At a technical level ADDA
encrypts all data and hosts the data in a top global da-
tacenter with robust disaster recovery framework. Pe-
riodic security audits are performed. The company is
strongly committed to privacy terms of not misusing
user data. ADDA is also GDPR compliant as it has us-
ers in the European Union.

Aforementioned were only a few instances where the
platform proves its strength. Since its inception, ADDA
has evolved into that binding factor that connects fami-
lies in residential complexes, fostering an environment
of communication and collaboration. Following global

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