Asian Voice | 8th April 2017 Mathru Vandana Inspired by ... · AsianVoiceNews AsianVoiceNewsweekly...
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AsianVoiceNews AsianVoiceNewsweekly 5 www.asian-voice.com Asian Voice | 8th April 2017 Smita Sarkar Business is to be conducted with cold reason and logic – not with emotion and heart. Or so they say. But, Sanjay Shah is not just a businessman. Friendship and trust comes first to him and the story of the Sim Chem House deal in Cheadle Hulme, Greater Manchester stands out in the dog eat dog world of today’s real estate business. This tale of friendship between Sanjay and Martin Skinner, CEO of Inspired Homes and parent compa- ny Inspired Asset Management, dates back one and a half years. Martin urgently needed £5m GBP to complete a project and reached out to Sanjay – who managed to find £3m at short notice. The money was not enough but Martin remembered the gesture and the effort Sanjay put in. Nine months later, Martin returned the favour by offering a few flats to Sanjay in the same property at heavily dis- counted rates. While the transaction was not insignificant, the real bene- fit to the two seasoned businessmen was the bonds of friendship and trust this created – a bond that has endured to this day. So when Sanjay approached Martin with the idea of redeveloping a former office building in Cheadle Hulme, all that he needed to know was that Sanjay believed in the pro- ject. Although, Inspired mainly focuses on Greater and commuter London, Martin decided to take the plunge and immediately grabbed the opportunity – banking on Sanjay’s acu- men and the prospects of the UK’s Northern power- house. The deal was far from straightforward and without Sanjay’s personal intervention at the critical times the acquisition of Sim Chem House would have fallen through. Martin is not alone in placing this trust with Sanjay. Mirasa’s true strength lies in the com- plete faith that Sanjay’s partners have in him. Pavan Batavia (also of Synergy Properties in Dubai) and Rajesh Virani needed little proof beyond their mutual respect, carefully cultivated over the years, to invest in Mirasa. Property details Sim Chem House, now called Fabrick, is located in the sought-after Greater Manchester suburb of Cheadle Hume on Warren Road and has an estimated GDV in excess of £25m. The development will pro- vide impressive features and details including Smart NEST thermostats, 1 Gb broadband by Hyperoptic, granite worktops, and designer kitchens and bath- rooms. There will be a concierge service, WiFi ready residents’ lounge and a roof top terrace with seat- ing and a bbq area. As a developer, Inspired typical- ly focus on high specifica- tion fixtures and fittings to ensure longevity and min- imise maintenance costs for the purchaser, whether they are a first-time buyer with little disposable income or a buy-to-let investor looking to maximise their returns. "What we aspire to do is to provide affordable but high-spec, high-tech solu- tions for young profession- als typically between 20 and 40. We like to build a community within the developments we produce and encourage some tech- led growth," said Martin. Inspired are able to offer high quality homes at lower prices by using space more efficiently. Their micro-apartments are designed to feel more spa- cious than the square footage suggests by incor- porating hallway-free design and uniform open- plan living spaces. At Fabrick, studio apartments are 280sqft and cost £119,000; one bedroom apartments range from 334sqft to 409sqft and are priced between £129,500 and £155,000; and the two bedroom apartments range from 527sqft to 639sqft and are priced between £195,000 and £215,000. "There's a lot of money coming into Manchester from London. For returns on pounds per square foot, Manchester is the place to invest," said Sanjay. "Prices in Cheshire are going high- er, whether you’re buying residential or commercial, you cannot get an opportu- nity here – house prices just go up, there is an acute housing shortage and a lot of people who want to live here." The team have already sold 22 apartments before construction has even start- ed and the development will be ready to move into within 15 months, that is, by the summer of 2018. Fabrick sits conve- niently for commuters just moments from Cheadle Hulme railway station, with direct trains to Manchester Piccadilly in just 16 minutes and Stockport in only six min- utes. Additionally, Manchester Airport, now boasting direct flights to China, is only around 10 minutes drive away by car and is home to the new £800m Airport City Manchester development and its £130m 'China Cluster' set to be UK's first airport city and a leading business hub in the region. Sanjay and Martin do not know how Brexit will impact property prices when the UK does finally leave the EU, however both agree that the ‘Project Fear’ predictions made in the wake of the vote have failed to materialise. "Brexit can be good if the country fol- lows their policies to dereg- ulate and reduce taxation," said Martin. “The weak pound has boosted overseas interest, particularly from China and India,” adds Sanjay. Dream for Greater Manchester Sanjay and Martin keep the purchaser's interests in mind when embarking on new developments. "Martin is giving you a lux- urious apartment where there is a wow factor as soon as someone walks in," said Sanjay. "It's a catalyst for their lives, they are stepping up and making their first home purchase. It feels nice to be able to help people take that step and provide that solution in the most efficient way possible," said Martin. It takes courage to dream in today’s property market – but it takes much more to build those dreams on friendship and trust alone. Sanjay and Martin’s dream for Greater Manchester could well be a precursor for a new approach to bricks and mortar – cemented with the warm human touch. Inspired by friendship London-based micro-apartment developer Inspired Homes debuts in Greater Manchester – facilitated by Sanjay Shah of property investment company Mirasa Limited. The property is all set to revolutionise the city’s real estate landscape – but that is not what makes this deal special. L to R: Rajesh Virani, Sanjay Shah & Martin Skinner High Commissioner of India to UK, HE Y K Sinha met Indian Journalists' Association on Thursday 30 March over a working lunch at the Quilon restaurant. He spoke on various subjects, including India's trade policy, importance of the diaspora in the UK, and the upcoming visits of UK Ministers for bilateral trade negotiations with India. He also said that post-study work visa for Indian students is very much a part of the bilateral agenda for India. Indian students were formerly given a right to work in this country for two years, post graduation. This was scrapped by the Conservative government, when they came to power. HE Sinha also spoke about the upcoming Vaisakhi celebration organised by the High Commission of India for the first time on Sunday 30 April at SKLP Sports and Community Centre in Northolt. The High Commissioner told Asian Voice, “This is the 350th birth year of Guru Govind Singh. This event will be a great opportunity to come together to celebrate the fabulous festivities.” They are expecting over 20,000 visitors. Mathru Vandana a musical tribute to mothers The programme delights audiences in Barking and Tyseley Birmingham over the weekend Asian Voice and Gujarat Samachar organised the Barking and Birmingham chapters of Matru Vandana, a musical evening to celebrate Mothers Day and pay homage to mothers – over the weekend on the 1st and 2nd April. Rohit Patel and Pushpa Patel from Ashiana co- organised Matru Vandana at the Abbey School Barking on 1st April on the auspicious day of Chaitra Navratri. Revered singer Maya Dipak was flown down from India to delight the audiences with an evening of sugam sangeet in her versatile, distinguished and melodious voice. Trained in Hindustani Classical, Maya is a famed artist in Gujarat and has been hon- oured with Gaurav Puraskar from the Gujarat government for her contri- butions to the field of vocals for Sugam Sangeet. Maya started the pro- gramme with Ma Jagdamba Stuti “ya devi sarvabhuteshu” and left the audiences captivated by her songs on mathru van- dana in Gujarati, followed by famous Hindi songs dedicated to mothers. Maya she started singing traditional folk garba songs for Chaitri Navratri and the audience reciprocated by breaking into garba dance. The programme was compared by the Managing Editor of Gujarat Samachaar Kokilaben Patel. Matru Vandana was showcased in Tyseley, Birmingham at the Shri Hindu Community Centre on April 2. The President Mukesh Ladwa declared that the temple required funds for redeveloping the “Shikhar” of the temple that has been sitting in the church premises for the past 35 years. Changing the look to a temple would require £300,000. Out of this amount the trustees have been able to raise £115,000. In 1980, Hariprasad Vyas, Rameshbhai Patel, Dr Vaja and Mr Chadrakant Pattani and CB had laid the foundation of the Hindu Community Centre- Shri Laxminarayan Mandir. The Karma Yoga Foundation donated £5000 and Rs 500,000 to an education charity in India. Hemlataben Ladwa donated £2500 and Harish Dhokia from Coventry donated £3501. A scrumptious dinner was laid out for the guests ABPL could not be more grateful for the overwhelm- ing response from the readers and well-wishers. The food was sponsored by Lataben Lodhia, and CB Patel took the opportunity to celebrate his and Lataben's birthday at the event. He said that he would assist in all future fund- raising initiatives, while Maya Dipak also declared her willingness to come on board to perform in fund- raising events. Matru Vandana was organised in London at the Bharatiya Vidya Bhavan on the 26th March and will be held in Leicester on April 7 and Preston on April 8. For further report, refer to Page 18 and 19 of Gujarat Samachar.
Transcript of Asian Voice | 8th April 2017 Mathru Vandana Inspired by ... · AsianVoiceNews AsianVoiceNewsweekly...
AsianVoiceNews AsianVoiceNewsweekly5
www.asian-voice.comAsian Voice | 8th April 2017
Smita Sarkar
Business is to be conductedwith cold reason and logic –not with emotion andheart. Or so they say. But,Sanjay Shah is not just abusinessman. Friendshipand trust comes first to himand the story of the SimChem House deal inCheadle Hulme, GreaterManchester stands out inthe dog eat dog world oftoday’s real estate business.
This tale of friendshipbetween Sanjay and MartinSkinner, CEO of InspiredHomes and parent compa-ny Inspired AssetManagement, dates backone and a half years.Martin urgently needed£5m GBP to complete aproject and reached out toSanjay – who managed tofind £3m at short notice.The money was not enoughbut Martin rememberedthe gesture and the effortSanjay put in. Nine monthslater, Martin returned thefavour by offering a fewflats to Sanjay in the sameproperty at heavily dis-counted rates. While thetransaction was notinsignificant, the real bene-fit to the two seasonedbusinessmen was the bondsof friendship and trust thiscreated – a bond that hasendured to this day.
So when Sanjayapproached Martin withthe idea of redeveloping aformer office building inCheadle Hulme, all that heneeded to know was thatSanjay believed in the pro-ject. Although, Inspiredmainly focuses on Greaterand commuter London,Martin decided to take theplunge and immediatelygrabbed the opportunity –banking on Sanjay’s acu-men and the prospects ofthe UK’s Northern power-house. The deal was farfrom straightforward andwithout Sanjay’s personalintervention at the criticaltimes the acquisition of SimChem House would havefallen through.
Martin is not alone inplacing this trust withSanjay. Mirasa’s truestrength lies in the com-plete faith that Sanjay’spartners have in him. PavanBatavia (also of SynergyProperties in Dubai) andRajesh Virani needed littleproof beyond their mutualrespect, carefully cultivatedover the years, to invest inMirasa.
Property details Sim Chem House, nowcalled Fabrick, is located inthe sought-after GreaterManchester suburb ofCheadle Hume on WarrenRoad and has an estimatedGDV in excess of £25m.The development will pro-
vide impressive featuresand details including SmartNEST thermostats, 1 Gbbroadband by Hyperoptic,granite worktops, anddesigner kitchens and bath-rooms. There will be aconcierge service, WiFiready residents’ lounge anda roof top terrace with seat-ing and a bbq area. As adeveloper, Inspired typical-ly focus on high specifica-tion fixtures and fittings toensure longevity and min-imise maintenance costs forthe purchaser, whether theyare a first-time buyer withlittle disposable income or abuy-to-let investor lookingto maximise their returns.
"What we aspire to do isto provide affordable buthigh-spec, high-tech solu-tions for young profession-als typically between 20and 40. We like to build acommunity within thedevelopments we produceand encourage some tech-led growth," said Martin.
Inspired are able tooffer high quality homes atlower prices by using spacemore efficiently. Theirmicro-apartments aredesigned to feel more spa-cious than the squarefootage suggests by incor-porating hallway-freedesign and uniform open-plan living spaces. AtFabrick, studio apartmentsare 280sqft and cost£119,000; one bedroomapartments range from334sqft to 409sqft and arepriced between £129,500and £155,000; and the twobedroom apartments rangefrom 527sqft to 639sqftand are priced between£195,000 and £215,000.
"There's a lot of moneycoming into Manchesterfrom London. For returnson pounds per square foot,Manchester is the place toinvest," said Sanjay. "Pricesin Cheshire are going high-er, whether you’re buyingresidential or commercial,you cannot get an opportu-nity here – house prices justgo up, there is an acutehousing shortage and a lotof people who want to livehere."
The team have alreadysold 22 apartments beforeconstruction has even start-ed and the development
will be ready to move intowithin 15 months, that is,by the summer of 2018.
Fabrick sits conve-niently for commuters justmoments from CheadleHulme railway station,with direct trains toManchester Piccadilly injust 16 minutes andStockport in only six min-utes. Additionally,Manchester Airport, nowboasting direct flights toChina, is only around 10minutes drive away by carand is home to the new£800m Airport CityManchester developmentand its £130m 'ChinaCluster' set to be UK's firstairport city and a leadingbusiness hub in the region.
Sanjay and Martin donot know how Brexit willimpact property priceswhen the UK does finallyleave the EU, however bothagree that the ‘Project Fear’predictions made in thewake of the vote have failedto materialise. "Brexit canbe good if the country fol-lows their policies to dereg-ulate and reduce taxation,"said Martin.
“The weak pound hasboosted overseas interest,particularly from Chinaand India,” adds Sanjay.
Dream for GreaterManchester
Sanjay and Martin keep thepurchaser's interests inmind when embarking onnew developments."Martin is giving you a lux-urious apartment wherethere is a wow factor assoon as someone walks in,"said Sanjay.
"It's a catalyst for theirlives, they are stepping upand making their firsthome purchase. It feels niceto be able to help peopletake that step and providethat solution in the mostefficient way possible," saidMartin.
It takes courage todream in today’s propertymarket – but it takes muchmore to build those dreamson friendship and trustalone. Sanjay and Martin’sdream for GreaterManchester could well be aprecursor for a newapproach to bricks andmortar – cemented withthe warm human touch.
Inspired by friendshipLondon-based micro-apartment developer Inspired Homes debuts in
Greater Manchester – facilitated by Sanjay Shah of property investmentcompany Mirasa Limited. The property is all set to revolutionise the
city’s real estate landscape – but that is not what makes this deal special.
L to R: Rajesh Virani, Sanjay Shah & Martin Skinner
High Commissioner of India to UK, HE Y K Sinha met Indian Journalists'Association on Thursday 30 March over a working lunch at the Quilon restaurant. Hespoke on various subjects, including India's trade policy, importance of the diasporain the UK, and the upcoming visits of UK Ministers for bilateral trade negotiationswith India. He also said that post-study work visa for Indian students is very much apart of the bilateral agenda for India.Indian students were formerly given a right to work in this country for two years,
post graduation. This was scrapped by the Conservative government, when they cameto power. HE Sinha also spoke about the upcoming Vaisakhi celebration organised bythe High Commission of India for the first time on Sunday 30 April at SKLP Sportsand Community Centre in Northolt. The High Commissioner told Asian Voice, “Thisis the 350th birth year of Guru Govind Singh. This event will be a great opportunityto come together to celebrate the fabulous festivities.” They are expecting over 20,000visitors.
Mathru Vandanaa musical tribute to mothersThe programme delights audiences in Barking
and Tyseley Birmingham over the weekendAsian Voice and GujaratSamachar organised theBarking and Birminghamchapters of MatruVandana, a musicalevening to celebrateMothers Day and payhomage to mothers – overthe weekend on the 1st and2nd April.Rohit Patel and Pushpa
Patel from Ashiana co-organised Matru Vandanaat the Abbey SchoolBarking on 1st April on theauspicious day of ChaitraNavratri.Revered singer Maya
Dipak was flown downfrom India to delight theaudiences with an eveningof sugam sangeet in herversatile, distinguished andmelodious voice. Trainedin Hindustani Classical,Maya is a famed artist inGujarat and has been hon-oured with GauravPuraskar from the Gujaratgovernment for her contri-butions to the field ofvocals for Sugam Sangeet.Maya started the pro-
gramme with MaJagdamba Stuti “ya devisarvabhuteshu” and left theaudiences captivated byher songs on mathru van-dana in Gujarati, followedby famous Hindi songsdedicated to mothers.Maya she started singingtraditional folk garba songsfor Chaitri Navratri andthe audience reciprocatedby breaking into garbadance. The programmewas compared by theManaging Editor ofGujarat SamachaarKokilaben Patel.
Matru Vandana wasshowcased in Tyseley,Birmingham at the ShriHindu Community Centre
on April 2. The PresidentMukesh Ladwa declaredthat the temple requiredfunds for redeveloping the“Shikhar” of the templethat has been sitting in thechurch premises for thepast 35 years. Changing thelook to a temple wouldrequire £300,000. Out ofthis amount the trusteeshave been able to raise£115,000. In 1980,Hariprasad Vyas,Rameshbhai Patel, Dr Vajaand Mr ChadrakantPattani and CB had laid the
foundation of the HinduCommunity Centre- ShriLaxminarayan Mandir.The Karma Yoga
Foundation donated£5000 and Rs 500,000 toan education charity inIndia. Hemlataben Ladwadonated £2500 andHarish Dhokia fromCoventry donated £3501.
A scrumptious dinnerwas laid out for the guestsABPL could not be moregrateful for the overwhelm-ing response from thereaders and well-wishers.The food was sponsored byLataben Lodhia, and CBPatel took the opportunityto celebrate his andLataben's birthday at theevent.He said that he would
assist in all future fund-raising initiatives, whileMaya Dipak also declaredher willingness to come on
board to perform in fund-raising events. MatruVandana was organised inLondon at the BharatiyaVidya Bhavan on the 26thMarch and will be held inLeicester on April 7 andPreston on April 8.For further report, refer
to Page 18 and 19 ofGujarat Samachar.
