About Tulip Real Estate
In 2011, Siddharth Mahajan formed a company – Tulip Real Estate 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 Hotels & Real Estate Ltd. received an overwhelming response during the 2012 Olympics and the company took off this point on.
After a very successful first year of business, the company had acquired 23 additional apartments on lease by May 2013. Furthermore, it was decided to expand the Tulip Team bringing on board 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 lets. These leases were taken on a minimum of 5- year contract period with the landlord and the apartments were refurbished to match high specifications and to cater to the needs of working professionals in the area. The improved services and a bespoke product resulted in the generation of high rental yield. The standard of services provided was always a highlight in the tenants’ reviews and satisfaction surveys.
Hard work always pay -off
As the business touched an impressive level of success, the team was extended further in 2015 to operate and continue to provide the best services to all customers. With the strong base, the company also acquired office at High Street, Leyton, E15 2BP and the business now had an official London address. Also, more properties were acquired for business continuity under the same HMO model.
In 2016, Tulip Real Estate added Mansfield Road Block and Gants Hill Block to its kitty to increase inventory. In the years to come, the Tulip team underwent more expansion with more professionals adding onto the bandwagon to manage and assist in the operation and procurement of various blocks to extend the growing model. The company also invested in the new builds in Essex Areas and government affiliated with Help To Buy Scheme. The real estate company acquired more residential blocks for rental purposes and also New Build residential development sites with the assistance of various reputed teams of building contractors and commercial support of development funding banks.
Current Property Evaluation
Rentals
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Future Growth
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Acquisitions
- Plan to acquire 40 more properties (250 serviced rooms) in North East London near Elizabeth Line; all stations from Stratford to Romford
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New Builds
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- Sovereign Court
- Stunning New Development of 10 Uniquely Designed and Beautifully Finished Seafront Apartments situated in a Prime Location along the renowned Holland on Sea Seafront with its established setting and recently re-generated Sea Defences and New Formed Golden Beaches. These will be 2 three-bedroom Penthouse with exclusive lift facilities and 8 two-bedroom apartments with study rooms
- Sovereign Court
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- Summer Hill Terrace
- New Development near Upminster with 4 Three bedroom houses
- Summer Hill Terrace