Managing Director | JHAMTANI GROUP
PRECISION AND PERFECTION DEFINE
UPSCALE COMMERCIAL AND
RESIDENTIAL ESTABLISHMENTS OF
JHAMTANI GROUP, WHICH HAS GIVEN
PUNE AND PIMPRI-CHINCHWAD A
SMART LOOK. STEADILY MULTIPLYING
ITS MAGNITUDE OF CONSTRUCTION, THE
COMPANY IS GRADUALLY CARVING A
NICHE FOR ITSELF
IT'S A STORY OF BUSINESS EXPANSION AND PERFECTION, where success
can be measured more into a magnificent scale of work accomplished in small time.
Precision and perfection define upscale commercial and residential establishments
of Jhamtani Group, which has rendered Pimpri-Chinchwad a smart look. Steadily
multiplying its magnitude of construction, the company is gradually carving a niche
for itself .
Anup Jhamtani, Managing Director, Jhamtani Group, traces the insightful
Taking a plunge
In 2010, Jhamtani Group, as a company, decided to venture into the space of real
estate and construction. Before that, the Group was well-known for over three
decades in the field of trading of construction material. The base has always been
Pune and Pimpri-Chinchwad with its its pioneer premium project being Jhamtani
Impressions in the heart of Pimpri Camp comprising 3 and 4 BHK ultra-luxurious
apartments and 17 retail showroom outlets.
From construction to real estate
‘‘Of course, it was a very conscious and obvious decision for us to enter into the real
estate sector, as we had already acquired few land parcels at prime locations over
the years of trading business. The company could see that there was definitely a
huge vacuum to be filled in this sector, wherein quality product demand was more
than supply in the market,’’ Anup says.
Brand Jhamtani Group was already established in the market. ‘‘We were known
to be commitment-oriented, professional and ethical businessmen, the qualities
rare to find in the industry at that time since there was no regulatory body like
RERA to govern the norms and stress on timely delivery and efficiency of a
developer. Hence, the trust deficit was huge," Anup adds
Building a strong foundation
The whole idea behind entering into the real estate sector was formation of a
strong, customer-centric and system-oriented organisation that can deliver more
than what has been committed, deliver before time, and still deliver better product
than the competition.
Anup says, "As a child, I was fortunate to have travelled to many developed countries like Singapore, Malaysia, UAE, most of Europe and best of them all - the USA. Man-made structures always excited me and in those days, there was no digital camera! When the photographs were printed, all that my family could see were the pictures of various different towers and structures and hardly any personal ones! Since childhood, the idea of having the name of the company in big letters on the facade or top of an iconic structure excited me. Trump Towers in various cities, huge hotels in Vegas, World Trade Centre in New York, White house in Washington, Eiffel Tower in Paris, Twin Towers at Kuala Lumpur, Burj Khalifa in Dubai, various buildings at Nariman Point and many more such places that I visited excited me no end and inspired me to make iconic structures that are built to last lifetime."
Since their foray into real estate in 2010, they have already completed and delivered about half a million sq ft (Five lakh sq ft) and are geared to deliver another three lakh sq ft by the end of 2019. Again, it has ongoing construction work of over eight lakh sq ft and about 15 lakh sq ft in the pipeline. ‘‘Compared to its turnover in real estate in the year 2011 -2012, business has increased by 1500% and we expect our annual turnover to cross Rs 100 crore per annum only in the real estate in the near future,’’ Anup reveals.
Proving its mettle
‘‘Projects like Ace Almighty, Ace Aura and Impressions increased our credibility in the market tremendously. It proved to all that we could deliver good product on time, do fast sales at premium rates and professionally address and resolve all post-sales and service matters. It also gave us the opportunity to be part of reputed organisations like CREDAI , SYBA and others," he adds.
Innovations reign supreme
"Recently we have launched our new project, Vision Ace, in Tathawade, wherein for the first time in India, an affordable housing project of 1 and 2 BHK is enabled with voice commands to allow residents to control various devices, lights, air conditioners et al just by giving verbal instructions. We have achieved a high velocity of sales in this project due to innovations and value for money products. Also at the back-end, we have equipped our team with ERP systems to enable them to work systematically in a faster and more efficient way," Anup says.
ACE ALMIGHTY PHASE 2 ,
BUILDING - SPACIOUS RETAIL
AND OFFICE SPACES
ACE AUGUSTA, HINJAWADI - 21 STOREYED TOWER
WITH 2 BHK DESIGNED WITH MODERN AMENITIES
AND AN UNMATCHED EXTRAVAGANCE
VISION ACE PHASE 1,
TATHAWADE - 1 AND 2
BHK SMART HOMES
At work 24X7
"As the Managing Director of Jhamtani Group, real estate and construction are on my mind 24X7. I make sure to conduct weekly sales, purchase, engineering, legal meetings with the HODs of all departments whereas my wife - Meenakshi, being the Finance Director of our company, takes care of accounts, taxation, fund raising, admin, HR et al. This makes my life easier, my decisions sounder, and equips me to plan ahead without error. It is always necessary that your team knows your vision for the company and works together with you to achieve the goals. It is only the team effort from every individual synchronised in the right frequency that leads to the resonance of success.
Super Seven of the Group
The company has seven core values defined, based on which they analyse their team members as well as their decisions:
■ Customer First
■ Complete Focus on Real Estate
■ Ethical Practices Always
Innovation in every
new project, better
approach and huge
focus on high quality
end product with on
time delivery have been
a few of our USPs
Winds of change
‘‘We are living in an era of change. This change is very dynamic in nature. Demonetisation, RERA, GST did cause the industry some problems due to uncertainty and sluggish market. However, we, being a company of young and dynamic people, were amongst the first ones to get our projects registered under RERA and saw established and renowned companies taking our help to register their projects. We have hugely been benefited with the new laws, as they have given all players an equal platform to perform and achieve," Anup adds.
Jhamtani Group has been involved in activities like tree plantation at their sites, organising medical camps for labourers, making donations to various old-age homes, orphanages and relief funds. It is also actively connected with Rotary Club of Pimpri and participates in various CSR activities organised by them.
Employees, an asset
"We are a young organisation that believes in upgrading talent. By this, we mean that we promote growth within the organisation through continuous training, right from the junior level staff to the management. We organise and participate in various technical and nontechnical workshops for overall development of our employees. We have people, who joined us at a very junior level, a few years back, but have now risen to the level of managers. This has been possible because we believe in a work culture, which gives space and opportunity for an individual to progress on a personal level while working in the organisation," Anup adds.
Failure is acceptable, giving up is not
Stay focussed, stay
confident, stay determined,
stay Hungry, stay foolish
Look at all your challenges
Keep learning every day.
Plan. Execute with
Hard work is the
key to unlock all
your dreams and
smart work is
the key to fulfil
ACE AURUM II, RAVET - 1
AND 2 BHK COZY HOMES
Anup enlists what company has set its targets on:
■ Targets set for the next five years under the title 'Vision 2025'
■ Working towards being a Listed Company by 2025
■ To be among the topmost developers in the country
■ Continue delivering quality homes at efficient prices
■ Discipline, so that real estate would be among the organised sectors
■ Transparency, so that a buyer trusts a developer 100%
■ Compliance, so that the standards laid by the authorities are matched
■ Timely delivery, so that the property is value-for-money for a buyer
“We are young, possess immense potential, and time is on our side. We believe in our dreams and we shall fulfil every dream dreamt,” Anup signs off.