The PONDICHERRY STATE COOPERATIVE

HOUSING FEDERATION ltd., p.486(HOUSEFED)

PRESENTATION ON THE WORKING OF

HOUSEFED

Date of Registration : 14.06.1986.

Date of Starting : 18.06.1986.

Area of operation : Entire Union Territory of Puducherry.

HISTORY

1. To collect Deposits & Loans.2. To Grant Loans:

• Construction of new house / Purchase of Ready built house / Flats.• Improvement or additions to existing houses (Vertical / Horizontal).• Purchase of house sites.• Repairs, Renewals, Additions, Expansions & Improvements to existing house or

Flat.• Redemption of Loans obtained from any other institutions.

3. To carry out Buying, selling, Hiring, Letting & Developing of Land.4. To construct and Sell houses, Flats, Residential, Shopping and Office

Complex.5. To purchase and sell building materials.6. To undertake Job works.7. To inspect the affiliated primaries.

objectives

8. To serve, guide and Promote housing cooperatives.

9. To undertake purchase of lands through direct negotiation or through

acquisition.

10. To provide technical, engineering and Architectural consultant services.

11. To extend legal assistance.

12. To organize seminars, conferences and training programmes.

13. To plan for the construction of low cost houses.

14. To improve social, moral and economic conditions.

15. To encourage mutual help and cooperation among the members.

objectives

1. Federation is managed by the Administrator from 01.07.2007.

2. Last election was held on 29.05.2004.

management

Members are classified into 2 types,

TYPE ‘A’ : GOVERNMENT.

TYPE ‘B’ : PRIMARY COOPERATIVE HOUSING SOCIETIES.

Membership classification

There are about 55 which are as follows,1. Pondicherry co-op. Housing Society P.87.2. Karaikal Co-op. Building Society P.87.3. SBI Staff Co-op. Housing Society P.237.4. Mahe Co-op. Housing Society P.152.5. Pondy Teachers’ Co-op. Housing Society P.495.6. Villianur Co-op. Housing Society P.496.7. PSC bank Emp. Co-op. Housing Society P.494.8. Mannadipet Commune Co-op. Housing Society P.512.9. Pondy Co-op. Emp. Co-op. Housing Society P.497.10. Pondy Co-op. Handloom Weavers Co-op. Housing Society P.507.11. Nettapakkam Commune Co-op. Housing Society P.510.12. Bahoor Commune Co-op. Housing Society P.514.13. Pondy Industrial Workers Co-op. Housing Society P.235.14. Pondy Elec Emp. Co-op. Housing Society P.523.

Details of primaries

15. PWD Engineers Co-op. Housing Society P.524.16. Municipality Employees Co-op. Housing Society P.521.17. TPTC Employees Co-op. Housing Society P.519.18. Government Press Employees Co-op. Housing Society P.532.19. Health Employees Co-op. Housing Society P.533.20. Customs & Central Excise staff Co-op. Housing Society P.531.21. Labour Department staff Co-op. Housing Society P.539.22. Jawahar Co-op. Housing Society P.535.23. JIPMER staff Co-op. Housing Society P.541.24. GAW staff & Employee Co-op. Housing Society P.540.25. Syndicate Bank employee Co-op. Housing Society P.546.26. Central Govt. Emp. Co-op. Housing Society P.547.27. AIR & TV staff Co-op. Housing Society P.547.28. Pondy Cooperative Sugar Mills Emp. Co-op. Housing Society.

Details of primaries

29. Telecom Emp. Co-op. Housing Society P.551.30. Pondy POLICE personnel Co-op. Housing Society P.551.31. Govt. officials Co-op. Housing Society P.551.32. Pondy coop. Building Centre P.554.33. Fathima Hr. Sec. School staff Co-op. Housing Society P.565.34. Pondy University Faculty Co-op. Housing Society P.578.35. Pondy University Non-teaching staff Co-op. Housing Society P.581.36. Sarvodaya staff Co-op. Housing Society.37. Pondy Engg. College staff Co-op. Housing Society P.588.38. Anandapuram Co-op. Housing Society P.630.39. Yanam Co-op. Housing Society P.597.40. Ex-Servicemen Co-op. Housing Society P.577.41. Distilleries Emp. Co-op. Housing Society.42. Green avenue Co-op. Housing Society P.631.

Details of primaries

43. Pasic Emp. Co-op. Housing Society.44. Librarians Co-op. Housing Society P.643.45. General insurance Emp. Co-op. Housing Society P.637.46. Regency Emp. Co-op. Housing Society P.625.47. Dr. B.R. Ambedkar Co-op. Housing Society P.629.48. Sri Jay Maruthi Co-op. Housing Society P.645.49. Majestic Co-op. Housing Society P.642.50. Store Keeping staff Co-op. Housing Society.51. Indira Gandhi spinco Emp. Co-op. Housing Society.52. Arriyankuppam Commune Co-op. Housing Society P.677.53. Marutham Co-op. Housing Society P.659.54. Rajiv Gandhi Co-op. Housing Society P.646.55. Karaikal Govt. Emp. Co-op. Housing Society P.729.

Details of primaries

1. Authorized CapitalA. Government : Rs. 7.50 Crores.B. Primary Cooperatives : Rs. 4.50 CroresC. Total : Rs. 12.00 Crores.

2. Paid up share capital Rs. in Lakhs.

Upto 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 TOTAL

Govt. 361.79 7.92 10.00 105.00 120.00 121.00 725.71

Primaries 273.18 36.03 12.82 3.13 - 0.54 -7.26 317.36

TOTAL 634.97 43.95 22.82 108.13 119.46 113.74 1043.07

capitals

DESCRIPTION Upto 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 TOTAL

Government 1 - - - - - 1

Primaries 57 - 4 - - - - 53

TOTAL 58 - 4 - - - - 54

Progress of membership

Units In Number

DESCRIPTION

Opening

Balance

2007-08 2008-09 2009-10 2010-11 2011-12OutStanding as on 31.03.1

2Borrow

Repaymen

tBorro

wRepaymen

tBorro

wRepayment

Borrow

Repayment

Borrow

Repayment

LIC 3183.11 1000.00 274.19 - 167.49 561.46 570.37 - 396.95 - 128.32 3207.26

National Housing

Bank1978.12 500.00 264.44 - 290.76 - 290.76 - 290.76 - 251.15 1090.25

Bank of India 593.24 1406.76 91.68 - 98.33 500.00 190.00 - 192.94 - 145.10 1781.94

PSCB - - - 500.00 62.50 - 313.64 400.00 340.65 - 67.06 116.16

TOTAL 5754.47 2906.74 630.31 500.00 619.08 1061.46 1364.77 400.00 1221.30 - 591.63 6195.61

Rs. In Lakhs.

Working of the society(borrowing)

DESCRIPTION

Upto 2006-07

2007-08 2008-09 2009-10 2010-11 2011-12O/S as

on 31.03.12

ISSUES RECOVERY ISSUES RECOVERY ISSUES RECOVERY ISSUES RECOVERY ISSUES RECOVERY

LIG 281.38 15.31 27.52 3.38 16.96 0.68 27.12 - 36.22 - 19.48 173.45

MIG 2463.19 448.23 179.20 156.47 176.67 25.49 212.65 4.48 307.65 16.39 255.12 1982.96

HIG 2344.34 1511.21 206.72 589.62 266.85 104.71 338.45 102.67 409.42 214.50 367.25 3278.36

MTC 513.27 136.64 36.32 39.60 50.84 13.44 56.85 14.54 77.54 5.10 48.01 453.03

MTR 872.17 69.60 102.72 16.41 86.75 11.38 85.91 15.51 122.97 38.06 119.70 505.08

MTL 39.12 - 9.53 - 15.51 - - - - - - 14.08

RLG - - - - - - - 2.49 - - - 2.49

RMG - - - - - - - 13.59 - 6.40 1.18 18.81

RHG - - - - - - - 19.11 0.33 3.64 0.49 21.93

RMC - - - - - - - 3.40 0.11 - 0.16 3.13

RMR - - - - - - - 1.62 - 5.34 0.40 6.56

TOTAL 6513.47 2180.99 562.01 805.48 613.58 155.70 720.98 177.41 954.24 289.43 811.79 6459.88

Working of the society(loans issued to primaries)

Rs. in Lakhs

YEARDEMAND COLLECTION

Principal Int. + P. Int. TOTAL Principal Int. + P. Int. TOTAL

2007-08 760.33 875.80 1636.13 562.00 574.12 1136.12

2008-09 959.30 1210.45 2169.75 611.59 655.62 1267.21

2009-10 1213.04 1483.26 2696.30 720.98 706.98 1427.96

2010-11 1457.80 1637.34 3095.14 954.79 824.36 1779.15

2011-12 1353.39 1647.09 3000.48 811.92 649.24 1461.16

Rs. In Lakhs.

Working of the society(demand & collection)

YEAROverdues

% of RecoveryPrincipal Int. + P. Int. TOTAL

2007-08 198.33 301.68 500.01 69.44

2008-09 347.71 554.83 902.54 58.40

2009-10 492.06 776.28 1268.34 52.96

2010-11 503.01 812.98 1315.99 57.48

2011-12 541.47 997.85 1539.32 48.70

Rs. In Lakhs.

Working of the society(overdue & recovery)

MANAGING DIRECTOR

TECHNICAL WING

EXECUTIVE ENGINEER

ASSISTANT ENGINEER

JUNIORENGINEER

DRAUGHTSMAN

ADMINISTRATION&

ACCOUNTS WING

ADMINISTRATIVE OFFICER

MANAGER

DEPUTY MANAGER

ASSISTANT

MANAGER

SENIOR

CLERKJUNIOR

CLERK

PEON

SALEOFFICER

COLLECTION SUPERVISOR

Organizational chart

Categories of employeesSl. No. Name of the Post Approved

strengthActual working

staff Vacancy Remarks

1 Managing Director 1 1 - On Deputation

2 Administrative officer 1 1 - On Deputation

3 Sale officer 1 1 - On Deputation

4 Manager (Accounts) 1 1 - -

5 Deputy Manager 2 2 - -

6 Assistant Manager 3 2 1 -

7 Senior Clerk 5 4 1 -

8 Stenographer 1 - 1 -

9 Junior Clerk 14 14 - -

10 Collection Supervisor 3 2 1 -

11 Peon 5 6 - 1 – Excess

12 Driver Grade. I 2 2 - -

13 Driver Grade. II 3 3 - -

14 General worker 5 4 1 -

15 Watchmen 1 1 - -

Technical wing

16 Executive Engineer 1 1 - -

17 Assistant Engineer 2 2 - -

18 Junior Engineer 1 - 1 -

19 Draughtsman 2 2 - -

TOTAL 54 49 6 1 – Excess

1. Festival Advance : Rs. 3,000/-2. Motor Cycle Advance

a) First Loan : Rs. 30,000/-b) Second Loan : Rs. 24,000/-

3. House Building Advancea) New Construction : Rs. 9,00,000/-b) Addl. const./ Repairs : Rs. 3,00,000/-c) Purchase of Plot : Rs. 75,000/-

4. Educational Allowance per Childa) Primary Schooling : Rs. 1000/-b) Higher Education : Rs. 60,000/-

Employee welfares

Board of Meeting will be held once in Three months.

General Body Meeting will be held once in a Year.

Last General Body Meeting Held on 22.07.2007.

General body meeting

YEARS AUDIT CLASSIFICATION NET LOSS

2007-08 C 226.86

2008-09 C 453.87

2009-10 C 679.35

2010-11 C 778.83

2011-12 C 965.11

Rs. In Lakhs.

Audit details

1. Special collection drive made during March 2012 and a sum of Rs. 4.00 Crores was collected from the Members.

2. A decision was taken at high level meeting chaired by Hon’ble Chief Minister that, the entire Principal, Interest and Penal Interest has to be waived to the Low Income Group (LIG) loans and Penal Interest of HIG and MIG will also be waived to the members of Primary Co-op. Housing Societies.

3. Four storied housing flats are proposed to be constructed at Muthupillaipalayam. Necessary approval has already been obtained.

Achievements & credits

1. Poor collection against Demand due to announcement of waiver by the Govt. in the year 2006.

2. Overdue position mounted.

3. Borrowings could not be availed due to falling of recovery.

4. Mismatch of interest between the loans availed from Bank of India on floating rate and the lending at fixed rates to the members.

5. Non availability of land for new housing schemes.

6. Private Real estate competition.

Issues and challenges

1. Special Collection drive. Persuasion and Legal action.2. Availing of required loan from Financing Agencies from LIC/NHB.3. Enhancement of Interest rebate for prompt repayment at 2% more than

the existing rebate amount.4. Exemption from stamp duty and Registration fees for execution of deeds

in favour of the Financing Agencies.5. Enhancement of Interest rate on par with the borrowings interest rate.6. Allotment of 30% of land acquired by the Govt. as in force from certain

States.7. Investment of more Share Capital by Govt. to increase the borrowing

power.8. VAT exemption for Housing projects.

Remedial measures

1. Four storied housing flats are proposed to be constructed at Muthupillaipalayam. Necessary approval has already been obtained.

2. Proposed to purchase of land at Karaikal, Rainbow Nagar, Villianur etc.,

3. Another four storied housing flats are proposed to be constructed at Muthupillaipalayam.

Projects in pipeline

MANAGING DIRECTOR,THE PONDICHERRY STATE COOPERATIVE HOUSING FEDERATION

LTD., P. 486. 7TH CROSS, THANTHAI PERIYAR NAGAR,

PONDICHERRY – 605 005.TELEPHONE : 0413-2204740,2204389

FAX : 0413-2204391MOBILE : 9443659790.

E-MAIL ID : housefed.pondy@gmail.com

Keep in touch

B. VASANTHAKUMAR,

THANK YOU