Dhammanagi Developers, a Bengaluru-based real estate company, is known for its pioneering efforts to provide affordable and aesthetic commercial and residential complexes. The man who is responsible for the enormous success of the company is its Chairman, Babu Dhammanagi.
Babu Dhammanagi had realised that there was a disparity between the demand and the availability of quality homes, serviced apartments and commercial buildings in Karnataka. To fill in this demand-supply gap, Mr Dhammanagi decided to enter the real estate sector and subsequently set up Dhammanagi Developers in 1987 in Hubli, Karnataka.
In the 1980s Mr Dhammanagi’s father ran a small leather tanning business. Mr Dhammanagi had to give up his dream of becoming a Chartered Accountant, which he was pursuing then, to join the family business. Within three years, he had successfully established Dhammanagi Developers.
With an aim to expand his business and withstand stiff competition in the real estate market, Mr Dhammanagi wanted to diversify. His first choice for his expansion plans was Bengaluru. Hence, in 2003, he entered Bengaluru’s real estate sector with the aim of developing exclusive commercial and residential properties. With an intention to provide innovative solutions and high quality of work, he strengthened his company’s overall capacity to provide value added services to the clients. Although he was apprehensive of making inroads in the infrastructure sector, his will power, determination, strong partnering skills and fortitude to provide reliability to his clients helped the company scale the ladder of success.
Soon after Mr Dhammanagi entered the field of construction, opportunities kept coming his way. This enabled him grow his network and consolidate his business. His relentless efforts allowed him to set up a dynamic and adaptive management system. His unique business approach has attracted clients, making Dhammanagi Developers one of the most reputed players in the field of capital projects.
Mr Dhammanagi believes that careful planning and minute attention to details is extremely important for a business enterprise to evolve. Although the present economic crisis has slowed the progress of many projects, Mr Dhammanagi feels that every possible effort should be taken to ensure that his company does not fall short of the clients’ expectations.
Believing in the best
Mr Dhammanagi has always laid emphasis on delivering the best to his clients. In his words, “We believe in adopting a holistic approach to cater to the requirements of our clients. Hence, our passion is to provide only the best which makes every Dhammanagi home unique.” He has always chosen the finest materials and the most skilled craftsmen for his company. He explains, “We have a highly acclaimed home designer who has helped us in providing stunning and unique architecture to each of our structures.” Be it on-site inspections, vendor supervision, energy conservation, crisis management programme or customer relations, Mr Dhammanagi ensures proper supervisory measures in every aspect of management.
Foreseeing future prospects
The entrepreneur is currently focussing on timely completion of projects such as Tulips Garden Phase III, which is to come up soon in Bengaluru. There are several other hotels, commercial and residential projects in the pipeline.
Mr Dhammanagi dreams of making his organisation the best real estate firm in the country, and is taking every step to realise his dream. He says, “I would like to see my organisation as one of the most admired and trusted construction and property development companies in the world.”