About Tulip Real Estate London

In 2011, Siddharth Mahajan London fashioned a company to deliver Serviced Rooms and Short-Lets services covering the prime London business districts of Canary Wharf and Stratford areas. The business was established with an initial inventory of 9 Apartments comprising of 30 X Service Rooms on various leases. Tulip Real Estate London. received an overpowering response during the 2012 Olympics and the company hasn’t looked back since then. After a very successful stint in the first year of business, the company acquired 23 additional apartments on lease by May 2013. Furthermore, the Tulip Team expanded by bringing onboard administration executives and cleaners to provide great services to all the tenants.

With the increase in demand, the company started acquiring 4-5 HMO Bedroom Houses on leases and started letting out serviced rooms on short notice. The standard of services provided in these apartments was always a highlight in the tenants’ reviews and satisfaction surveys. In 2016, Tulip Real Estate London added Mansﬁeld Road Block and Gants Hill Block to its kitty to increase its portfolio. Eventually, the Tulip Team underwent more expansion by adding more professionals for the management of the operation and attainment of various blocks to extend the growing model. The real estate company also acquired more residential blocks for rental purposes as well as New Build residential development sites before turning into the epitome of success it is today.

Real estate factors currently trending in London

House Prices

House prices in London have displayed the first signs of market recovery. In inner London, house prices grew in the year right up to November 2019. In outer London, while the annual house price change continues to be negative, the rate of decline appears to have slowed down. House prices showed an increase in all regions, except the East of England where prices decreased. House prices seem to be stabilizing in London and the South East after falling in 2018 and 2019. Prices in inner London were falling since January 2018, but the rate of decline slowed down in the second half of 2019, which was the first indication of market recovery.

Private Rents

Private rents in London continue to increase and December 2019 would be laying the benchmark for 13 consecutive months of positive nominal rental growth. A fall in CPI indicates that, in real terms, rents in London fell by only -0.1% in 2019. Private rents in London rose by 1.2% in nominal terms in 2019 (ONS). This is up from 0.2% as of the year 2018. London’s rental growth rate was among the lowest of any region in Great Britain, second only to the North East. Across England, private rents showed an increase of 1.4% on average in nominal terms.

New Supply: Completions

There were 40,580 new home Energy Performance Certificates registered in London in 2019, which were largely aligned with 2018 and beckoning another strong year of housing completions. Energy Performance Certificates (EPCs) are documents that are required for all new homes through which EPC data can be used as a proxy for completions. EPC data has tracked the LDD net conventional completions data over recent years.

New Supply: Planning approvals

Planning approval figures mostly remained stable during the first half of 2019. Figures from the Home Builders Federation (HBF) showed that 76,290 homes were granted planning approval in London in the year to 2019. This is up by 7% from the previous year and has been calculated as the highest annualized approvals figure recorded for London. In stark contrast, England has exhibited a 1% low in annualized housing approvals compared to the previous year.

Mortgage Lending

There were 40,840 new mortgages advanced to first-time buyers in London in the year to Q3 2019, which when calculated is 0.9% up on the number of loans advanced in the previous year. It was observed that first-time buyers took out loans averaging 3.8 times their income in Q3 2019 (UK Finance). The number of loans to home movers in London was 26,790 in the year to Q3 2019, which showed a downward slope at 3.1% in the last year. Home movers took out loans which added up to 3.8 times their income.

Transactions and market sentiment

The volume of transactions remains restrained owing to historical standards and, in particular, home mover mortgage lending is low lying. However, more agents reported an increase in new buyer inquiries in London in December 2019 than at any point since 2015. An RICS survey data indicates that the years of inventory held by surveyors and the number of years required for selling all properties at the current sales rate – decreased in London in Q4 2019 to 1.2%. This is the lowest level it has reached in two years but is still higher than the level observed in the year 2008. The surveyors’ price expectations improved noticeably in Q4 2019 and showed a positive graph for the first time since Q4 2016. London surveyors have reported that buyer confidence has shown improvement after the general election and there has also been more clarity around Brexit.

Director and CEO2013-Present

International Hotel

My second job in London is in Canary wharf as the Hotel Operations Manager.

Hotel Operations Manager 2008-2013

Amba Hotel

This is my first job in London at Amba Hotel where I commendably managed 692 Rooms.

Guest Relation Manager2005-2008

Oberoi Rajvilas

This is my first job and I was the first student from college to get campus placement in The Oberoi Rajvilas, Jaipur.

Front Office Supervisor2002-2005

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Biography of Siddharth Mahajan London Tulip Homes

Born and brought up in India, Siddharth Mahajan London is a young nascent mind who zealously pursued a career in the hospitality industry and travelled across oceans to find the right direction for his passion.

Mahajan completed a Bachelor’s degree in Hotel Management from Oriental School of Hotel Management, Kerala and 3 years International Diploma in Hospitality from American Hotel & Lodging Association in Honors. He was the first student from college to get Campus Placement at Oberoi Rajvilas, Jaipur. He joined the Rajvilas in 2002 (6 months before he had finished his degree) and returned to college in April 2003 for his final semester. His stint at the luxury hotel lasted 2 years and earned him great appreciation for his sincere hospitality services. This marked an extraordinary beginning of Siddharth Mahajan’s career.

Subsequent to this, Mahajan moved to London and began working for various hotels while carving out a career path in his mind. He decided to launch a company- Tulip Hotels and Real Estate Ltd. - that would lease apartments to travelers and offer them the perfect home stay options that would be more reasonable and comfortable as compared to hotels.

Family of Siddharth Mahajan in London

Mahajan’s family comprises of his wife, Nikkita Mahajan and two children Aarav and Tulip of age 7 and 4 years respectively. Nikkita Mahajan studied in St. Sebastian School, Mumbai and then completed her Master Degree in Food Technology from Somaiya College, Mumbai .The duo met in 2008 and tied the knot in 2009. Soon after the wedding, Nikkita moved to London with Siddharth where she worked as a Food Auditor for Ferndal Foods – one of the top ten food companies in the UK. Three years later, in 2012, the couple welcomed their first born, Aarav. Their daughter Tulip was born in 2015.

Tulip Hotels and Real Estate Ltd.

In a short span of 9 years, Mahajan’s establishment flourished and made him a successful young Indian entrepreneur in the UK. With close to 15 years of experience in developing homes with premier facilities, Mahajan’s real estate activities now involve an aggregate value of Assets worth 40 million pounds in London. Tulip Hotels further aims to develop as a private, diversified property group, active in the UK in several segments, aligning the market scenarios and people’s preferences with its objectives. Mahajan is determined to expand Tulip Hotels by geography, sector, property activity, operational capability and management team.

Achievements of Siddharth Mahajan tulip

Siddharth Mahajan london was a prolific Hotel Management student who consistently scored above 90% and who also was the first in his batch to receive a campus placement at the Oberoi Rajvilas, Jaipur - a reputed hotel management training center.
Siddharth Mahajan started his own venture earlier than many of his peers and set an example on how to grow a business from scratch. His business idea was new and execution was flawless, which earned him more clients and a great reputation in the hospitality sector. Not all are fortunate to taste success at such a young age.
When he established his business, living in a House in Multiple Occupancy (HMO) was not a widespread concept. While he understood that it was a need to be fulfilled, he also knew that not many were aware of a concept like this. His knowledge, experience and innovative thinking benefitted his business and led it to grow rapidly.
He is one of the richest businessmen in the realty sector under 40 years of age. He is worth 14 million British Pounds and owns assets worth 48 million British Pounds. Siddharth Mahajan tulip homes reached this mark solely owing to his hard work, determination, a fiercely supportive team, honesty and integrity.
At the outset of his business, he converted his own properties into HMOs. This demonstrated his valor and confidence in his business. As of now, there are seven assets which belong to Siddharth and are operating as HMOs and 47 more assets registered under the name of his business -- Tulip Hotels and Real Estate Ltd.

Mahajan’s Vision & Mission

Siddharth Mahajan envisages his business to be known for strong financial performance; excellence in quality of design and service delivery; and for the long-standing impact of the company’s values on what they do and, in particular, how they do it.

With intense focus on these aspects, Tulip Hotels uses its capability as asset managers of existing property, as designer and contractor of new projects, as operators of hotels and venues, and as fund managers of investment to create high-quality properties for people to enjoy and covet.

Today, Tulip Homes not only offers service apartments but has also forayed into the hotel industry in addition to construction and refurbishment of houses. These developments are part of Siddharth’s vision to offer a wide gamut of quality housing services to the UK community.

In a short span of 9 years, Mahajan’s establishment flourished and made him a successful young Indian entrepreneur in UK. A lesson and inspiration to most professionals starting their career, Siddharth Mahajan is an individual one can learn a lot from.

Carve your own path: Society will place norms, it will impose you with rules but to rise, you need to break free. Mahajan has always followed his heart and his passion. He believes someone else’s vision of success will force you to stray from the path you worked to be on. So Carve your own path and you’ll always be heading in the right direction.
Have a vision: Have a clear vision of what you wish to achieve in life and remind yourself of it every day. A clear target will help you pave your way you keep you focused regardless of the hindrances.
Understand your customer: Knowing and understanding your customer is pivotal. Know those you serve, better than anyone else and you’ll be able to deliver the solutions they need.
Always be on the lookout for opportunities: Siddharth Mahajan London has always remained opportunistic throughout his career. It means to be mindful of the rising trends in the market and analyzing how these trends can be turned into fruitful business avenues.
Don’t give up, don’t give in: The obstacles will be many, the challengers and challenges will be endless, but learning to face them with a positive outlook is the key to overcoming every roadblock successfully.
Find solutions to the right problems: It’s crucial to identify the right problems and focus on solutions for them instead of the make-believe issues people create to pull you back from reaching your goals.

Encourage and Inspire: Be encouraging of learning, planning, taking risks, being creative, resilient, and tenacious. If you want to grow, ensure your team grows with you. Siddharth Mahajan in London believes a company’s growth depends on the collective effort and growth of its employees. No one succeeds in business alone, and those who try will lose to a great team every time. Build your own great team to bolster your success.