Indian-origin teenager Akshay Ruparelia becomes UK's youngest millionaire

Ruparelia claims to have already sold 100 million pounds worth of properties since he set up his business

1508218419-3303

Latest Current Affairs : An Indian-origin teenager has become one of Britain’s youngest millionaires after his online estate agency business got valued at 12 million pounds in just over a year.

Akshay Ruparelia, at just 19 years of age, juggled his school work with negotiating property deals for his no-frills business that offers to sell properties for a fraction of the cost charged by established high street estate agents.

This week "Nationwide Online Agents: Doorsteps. Fees From £99." became the 18th biggest estate agency in the UK just 16 months after the website went live.

Ruparelia claims to have already sold 100 million pounds worth of properties since he set up his business.

“I got the website up and running and after a couple of weeks a man in Sussex asked me to sell his home and a separate chunk of land he owned beside it.

“I had to pay my sister’s boyfriend 40 pounds to drive me to Sussex to take photographs of the house, as I hadn’t passed my driving test and didn’t have a car,” he recalls.

The north London-based schoolboy was able to sell the property and land within three weeks, which set the ball rolling.

He started his company with 7,000 pounds, borrowed from relatives and now employs 12 people. Click here to know more about Akshay Ruparelia

Comments

Post a Comment

Popular posts from this blog

CBSE 10th result 2018 to be out tomorrow at 4pm on cbse.nic.in; updates

Image
CBSE 10th result 2018 will be declared on May 29, Central Board of Secondary Education confirmed. Check for CBSE Results updates on Business Standard CBSE 10th Result 2018 will be declared on Tuesday at 4pm.  The Central Board of Secondary Education  (CBSE) today announced that CBSE Class 10 result 2018 will be declared tomorrow. Over 16 lakh students appeared for Class 10 exams this year. CBSE will release CBSE 10th result 2018 on its official website  http://cbse.nic.in  or  http://cbseresults.nic.in . "Results of CBSE Class 10 examinations for 2017-18 to be declared by 4 pm on 29th of May, 2018," tweeted Union Education Secretary Anil Swarup. The  CBSE Class 10  exams were marred by controversy in 2018 with question paper leaks being reported from Delhi-NCR, Haryana and Jharkhand of Class 10 mathematics paper, but the HRD ministry had decided against conducting a re-examination in the "interest of students". This was the first batc...
Read more

Xiaomi Redmi S2 leak shows Redmi Note 5 Pro-inspired design: Details here

Image
The India-bound budget-centric smartphone is reported to sport dual rear cameras and feature face-unlock mechanism. Here are all the details you need to have for the upcoming Xiaomi smartphone Chinese smartphone manufacturer Xiaomi is closely working on a new Redmi device that is also expected to make its way to India. Touted as the  Redmi S2 , the budget-centric smartphone is reported to sport dual rear cameras and feature the face-unlock mechanism, according to a report by online technology-based forum XDA-developers. Now, the phone's purported image renders, shared by a Czech-based online publication SvetAndroida, show Redmi S2's front and back views. Based on renders, the phone would sport a tall 18:9 aspect ratio screen on the front and dual cameras on the back, along with a fingerprint scanner. The phone’s back seems identical to the Redmi Note 5 Pro, which was launched in India on February 14. However, the dual antenna lines on top and bottom have a differe...
Read more

Restructuring: Tata Motors rolls out VRS, moves to a flat five-level hierarchy

Image
So far, less than 500 executives have been offered VRS, which roughly includes one year's salary Tata Motors, India’s largest automobile maker, has started rolling out a voluntary retirement scheme (VRS) for its employees as part of its organisational restructuring exercise. This is part of a human resources (HR) restructuring drive that is expected to transform the organisation into a much leaner company with a flat hierarchical structure. The new structure will be in place from April 1. So far, less than 500 executives have been offered VRS, which roughly includes one year’s salary, among other benefits, sources said. The company, however, did not confirm the details of the VRS package or how many were offered VRS. A company spokesperson said: “ Tata Motors  confirms that as part of the ongoing organisation effectiveness project, where we have already finalised the top two levels of our management structure, a proposal on VRS package has been presented and approved by...
Read more