As children, we all dream big and, often collectively. But how many of us do really realise our childhood dreams? Well, here is a group of childhood buddies who grew up to realise their dream them together. And how.

Ajay Salike, chairman Armsburg properties heads a firm that’s the result of what a group of five friends once dreamt.

Sallike narrates an interesting tale behind the success story of Armsburg. “The name of the company is derived from the initial letters of our names,” he says.

The ‘A’ in Armsburg somes from Ajay Salike himself, whereas its second initial ‘R’ stands for Rajendra Malve. ‘M’ is for Madhusudan Poddtura whereas ‘S’ represents both Sanjay Salike and Sunil Linga.

And what does the ‘burg’ of Armsburg mean? “That’s a German word for a home”, says Salike. “All five of us wanted to form a venture during our childhood days.” In early 2000, the city’s real estate sector showed a lot of promise and they decided to make a foray into this sector.

But how have these five friends been investing in the company, running it and sharing profits among themselves?

“All five put in equal amounts of money. As far as sharing of profit is concerned, it is also done in the same fashion.”

But Hyderabad’s real estate sector went literally for a tailspin for around four years, after 2000. So, how did the Famous Five cope up with those trying times.

“We simply reduced the size of the units we owned but we never compromised on the quality,” says Sallike.

And, before we forget, on Ugadi, his company is also gave out Alto cars to each of the customers who booked a flat in their ongoing project, Armsburg Myspace — a two-block residential project located near Suchitra Circle.

source: http://www.deccanchronicle.com / Deccan Chronicle / Home> News> Business/Tech / DC / April 14th, 2013