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ESTATE & FINANCE

Estate :
Studies are on to determine the best use that can be derived of the Fidai properties. Several residential apartment buildings have been constructed in the past and rented to individual families on the rear portion of Fidai Estate at Andheri to augment the income of the Trust. Thanks to the exemplary co-operation from the Tenants' Association, the Fidai Estate is regarded as one of the best maintained housing complexes in North Mumbai.

Finances :
The Institutions spend about Rs. 1,400 per child per month but the recovery of fees from the parents averages about Rs. 300 per child per month. There is, therefore, a recurring deficit from month to month. the laws applicable to charitable institutions allow very limited avenues of investments. The funds of the Institutions have been mainly invested in Fixed Deposits of Banks. With the persistently decreasing interest rate the income is shrinking. Fidai Institutions are therefore in great need of endowment funds.