‘Next generation must see a future in construction’
Matharu was named Eastern Eye’s property developer of the year, with nine other winners across different categories also collecting prizes.
Tony Matharu, Integrity International Group. Shailesh Solanki, Summix founding partner Niamh O’Connor, Integrity International Group founder Tony Matharu and Kalpesh Solanki
AN INFLUENTIAL London hotelier won the top prize at the annual Eastern Eye Property Awards in London last Thursday (25)night
Tony Matharu is the founder and chairman of Integrity International Group, which has acquired some of London’s most iconic buildings, among them Atlas House near the Guildhall, the Crescent Buildings in Tower Hill and 55 Broadway and Albany House.
OakNorth. Shailesh Solanki, Giorgio Antonio of Aceto, Priya Chauhan, Adam Hunt, councillor Rohitkumar Dasgupta and Kalpesh Solanki
Matharu was named Eastern Eye’s property developer of the year, with nine other winners across different categories also collecting prizes.
SBI-UK. Shailesh Solanki, Abhishek Sahay of SBI, Sakuntala Sanyal of SBI, Kalpesh Solanki and councillor Ajmal Akram
The Asian entrepreneur was praised for his business achievements as well as his philanthropic endeavours and sport and community initiatives.
In all, 10 prizes were presented at the event at Park Plaza, Riverbank, hosted by the Asian Media Group, publishers of Eastern Eye and Garavi Gujaratnews weeklies.
Now in their second year, the awards celebrate and recognise key players in the property industry – from developers and financial lenders to interior designers and technology disruptors.
Matharu also took part in a masterclass with compere Nihal Arthanayake and discussed his views on the economy and his journey as a serial entrepreneur.
Gupta, Property Hub Limited. (From left) Shailesh Solanki; Sachinkumar Gupta, director at Property Hub Limited; and Kalpesh Solanki
Baroness Taylor of Stevenage, parliamentary under-secretary of state at the Ministry of Housing, Communities and Local Government, was the chief guest.
Local Government, was the chief guest. In her remarks, she paid tribute to business leaders whose work she said “has been absolutely vital in rebuilding Britain”.
Lord Tariq Ahmad
The minister noted how the Labour government was committed to delivering 1.5 million homes this parliament and said, “I don’t underestimate how challenging that target is going to be. We can’t do that unless we work in partnership with the housing industry, from the constructors, to the planners, from the financial institutions to property agents and from architects to interior designers, you are all part of this mission, and we cannot deliver without you.
Amit Bhatia address guests at the event
She noted the government’s commitment to funding for infrastructure and skills training for construction workers.
“Many of you in the construction industry tell me that skills is a real issue, so I hope this will help, and the new training will tackle the skill shortages and inspire the next generation into the construction sector.
Manni Chopra, Chopra Property Group. Shailesh Solanki, councillor Saqib Butt, Chopra Property Group director Manni Chopra and Kalpesh Solanki
“I want my grandchildren to see construction as a real, positive way forward, and I think we all have a duty to inspire that generation,” Baroness Taylor said.
Shailesh Solanki, Oraanj Interior Design founder and CEO Rachana Gupta and Kalpesh Solanki
Former Foreign and Commonwealth Development Office minister Lord Ahmad noted how property ownership “very much is within the British Asian DNA”. He said, “British Asian developers have contributed to building communities. They’ve built futures.”
The Eastern Eye Property Awards were held in association with Summix.
Valos. Shailesh Solanki, Valos co-founders Rob Davis and Alex Kountourides, and Kalpesh Solanki
Co-founder Amit Bhatia described how the firm works with some of the largest house builders in the country, as well as student accommodation developers and hoteliers.
“We’re very proud of what we’ve done over the past 17 years. We’ve delivered in excess of 6,500 new homes to the country. Our pipeline is successful to deliver another close to 20,000 new homes,” Bhatia said.
Prideview Group. Shailesh Solanki, Priyen Patel and Vishal Patel of Prideview Group, and Kalpesh Solanki
He added, “There’s massive potential in the country. There’s great interest in the country to do great things, but we just need a little bit of help, a bit of clarity, bit of deregulation.”
Aldermore Bank. Shailesh Solanki, Aldermore Bank national account manager Stephen Wright and Kalpesh Solanki
Among other winners were OakNorth, named Eastern Eye bank of the year.
Since its launch in 2015, it has lent more than $16 billion (£11.9bn) to scaleups, and been instrumental in creating 56,000 jobs and helping build 34,000 new homes across the UK and US, the majority in affordable and social housing. OakNorth was co-founded by Asian businessman Rishi Khosla and Joel Perlman.
Guests at the Eastern Eye Property Awards in London last Thursday (25)
Prideview Group, which successfully competed 76 high value transactions in 2024, won Eastern Eye advisor of the year. Its deals in the London region were estimated to be worth £250 million.
One of India’s leading banks scooped the prize for Eastern Eye commercial lender of the year.
State Bank of India UK, with 11 branches across the country, works with its clients on serving their commercial property financing requirements.
The Eastern Eye rising star award went to Sachinkumar Gupta, director of Property Hub Limited, for building on his previous travel enterprise and diversifying to serve them with property-related services.
Oraanj Interior Design, which has transformed homes, offices, restaurants and hotels, won Eastern Eye Interior Designer of the Year.
Founder Rachana Gupta’s company offers clients a range of services, from space planning to custom furniture and landscape design.
Manni Chopra of the Chopra Property Group scooped the Eastern Eye property entrepreneur of the year award.
Along with her husband, Romey, she runs The Chopra Property Group, finding unloved properties and carefully executing conversions and developments using their own and private investor funds.
Other winners were Paresh Raja of Market Financial Solutions, who won the Eastern Eye Award for disruptor of the year, Valos, named Eastern Eye technology company of the year and Aldermore Bank, which won the Eastern Eye Specialist Lender Award.
A TOP London hotelier has said integrity forms the foundation of his work, stressing the importance of strong moral principles in guiding business decisions.
At the Eastern Eye Property Awards last Thursday (25), Tony Matharu revealed that success comes from staying true to values, taking calculated risks, and seeing opportunities where others see obstacles.
He also spoke about the importance of London to the country’s economy and the difference between first- and secondgeneration entrepreneurs.
Matharu, founder and chairman of Integrity International Group, won the top honour at the annual awards ceremony in London last week.
The British Asian entrepreneur, whose firm acquired some of London’s iconic buildings, said during a masterclass, “If you are true to yourself and true to others, you don’t compromise. You hold on to your moral philosophy. That is integrity.
“You can be flexible in different aspects of your life, but your moral principles should remain steadfast.
“Your values should stay with you – they are your guiding light. It’s not easy to attain, but it is essential. That is why calling my company Integrity International carries great responsibility.
“If everyone in your group, employees, associates, suppliers, understands that, you create a better world.”
Reflecting on his upbringing, Matharu said, “Your domestic environment, school, university, work — all shape your thinking as you age. The early years are critical, and a mother plays a significant part in that.
“My mother instilled values that stick with me to this day. We were like many Asian families. I was born in the UK, but my parents came from Kenya. My father was an engineer and hoped we would choose professions like medicine, law, and accountancy. My mother was more entrepreneurial. We didn’t have a family business, so I guess that inspired me to start one.”
Asked what values are needed both to recognise the potential and to have the courage to commit to ambitious projects, Matharu said, “First and second‑generation immigrants often have a different set of priorities. Typically, particularly for first‑generation immigrants, they are not surrounded by a protective support network from the local population.
“If they are going to succeed, they have to do it themselves. They live and die by their performance and how others view their work, and their achievements are self‑made. This, I believe, gives them resilience and the ability to overcome obstacles and challenges that perhaps third‑ and fourth‑generation immigrants or indigenous populations do not experience.
“It also becomes part of their outlook to look for opportunities. That process requires courage, sacrifice, investment and a willingness to back yourself to bring an idea to fruition.
“Not everybody takes such risks. They have been prepared to fail, sometimes have failed, but got up and tried again. That, I believe, is the essence of these kinds of property acquisitions.”
The businessman added, “You need courage and a feasible plan. You must assess whether there is value to be obtained through investment, secure the right planning permissions, overcome challenges, and seize the opportunity. But above all, you must be prepared to invest time, effort, travel, and money to achieve success.”
Matharu said he “owes a lot to London” as he started and grew his business in the city.
He said, “I think younger people today might have a different view. Particularly after Covid, there is a lot of anxiety about where the world is heading and whether the capital city is fulfilling its potential.
“Yet, London still has the foundation of something exceptional, much like a heritage building that holds all the greatest qualities you might want. It offers culture, heritage, the arts, education, strong systems, and the rule of law, along with opportunities for personal growth.
“Many Londoners in this room would have taken advantage of these opportunities, but it is becoming increasingly difficult. Political choices have, in effect, treated London as though it should be diminished or ignored. That is no longer part of the public discourse, and I think this is dangerous. London and the southeast are the only two areas in the country that contribute more to the Treasury than they receive.
“In purely economic terms, London is the beating heart of the British economy.” He added, “Beyond economics, London’s diversity and the opportunities it offers for visitors and workers alike are unmatched in any city I have been to. It remains a place where obstacles to progression can be removed, allowing people to thrive. Long live London — we must retain it, enhance it, improve it, and restore its vitality. This is the purpose behind the Central London Alliance.
Matharu recalled how the CLA was created to fill a gap.
“In the post‑Covid lockdown world, no one was speaking up for London. In response, I set up this community interest company. Initially, I thought we would need just 50 supporters to join forces to promote London and encourage people to return to workplaces, theatres, green spaces, and cultural life.
“Six years later, the alliance has grown to over 20,000 members, and it continues to connect people and businesses. We now host events such as the London Sports Festival and fashion shows in iconic locations, driving footfall and global attention to London’s heritage.”
Matharu also shared his views on the balance between instinct and data.
The experienced entrepreneur said, “When it comes to decision‑making, I am a strong believer in instinct. It does not come from nowhere - it comes from years of observing, listening and learning. You might not be able to immediately explain why something feels right, but experience tells you when an opportunity has value.”
He cited examples from sport and business where instinct guided success, stressing its continuing importance even in a world which is not embracing artificial intelligence (AI).
Matharu expressed caution about AI, stressing that “intelligence left on its own can be dangerous” and arguing for moral constraints on its use.
He recalled a Cambridge University initiative combining mathematics, theology and computing to explore the ethics of AI, suggesting that moral frameworks should guide its development. Matharu also stressed the need for “integrity and honesty” in political decision‑making. He argued that economic growth should underpin public spending across the country, not just London.
“The good of the country comes from good economic conditions,” he said.
“We need to ensure policies encourage investment, growth and jobs, not disincentivise them.”
Matharu pointed to recent measures affecting the property sector, particularly the removal of business property tax relief, as damaging to long‑term investment.
“This tax disincentivises growth,” he said. “Many family businesses face a heavy tax burden on succession, forcing them to sell or close. That harms employment and reduces investment.” He warned that such measures erode confidence and could undermine the property market and wider economy.
Matharu also reflected on what keeps him awake at night. “It’s the obstacles that stand in the way of long‑term investment and legacy,” he said. “If policies undermine that, it questions the worth of years of hard work and risks. We must encourage those who create value, rather than penalise them.”
By clicking the 'Subscribe’, you agree to receive our newsletter, marketing communications and industry
partners/sponsors sharing promotional product information via email and print communication from Garavi Gujarat
Publications Ltd and subsidiaries. You have the right to withdraw your consent at any time by clicking the
unsubscribe link in our emails. We will use your email address to personalize our communications and send you
relevant offers. Your data will be stored up to 30 days after unsubscribing.
Contact us at data@amg.biz to see how we manage and store your data.
FILE PHOTO: Ashwini Vaishnaw. (Photo by TAUSEEF MUSTAFA/AFP via Getty Images)
Modi’s ministers promote Indian apps like Zoho and MapmyIndia over global rivals
Push comes after US imposed 50 per cent tariffs on Indian imports in August
Vaishnaw showcased swadeshi tools in a highway project presentation
His Zoho demo on X gained 6.2 million views, boosting local tech visibility
THREE cabinet colleagues of Indian prime minister Narendra Modi are promoting use of apps by domestic rivals to Google Maps, WhatsApp and Microsoft, in the strongest backing yet for "Made in India" products amid trade tension with the US.
While many industry executives have made public calls to support Indian products, Modi made a direct appeal last month for Indians to scrap daily use of foreign goods.
Information technology minister Ashwini Vaishnaw gave a media presentation on highway projects this week he said was put together employing Zoho, a domestic rival to Microsoft's PowerPoint, and without use of Google Maps.
"The map is from MapmyIndia, not Google Maps," the minister said with a smile, referring to an Indian provider. "It's looking nice, right? Swadeshi."
Last week, Vaishnaw made a video clip testing Zoho software and asked people to adopt indigenous products in a post on X that drew 6.2 million views.
American brands are everywhere in India, and they are seen as an aspirational upgrade by millions.
While government and private offices use Microsoft products, many travellers rely on Google Maps to find their way about, and WhatsApp counts India as its biggest market, with more than 500 million users.
The three US companies did not respond to Reuters requests for comment.
Zoho offers cheaper alternatives to cloud-based software tools made by Microsoft. The Indian firm's billionaire co-founder, Sridhar Vembu, is famed for an unconventional approach of locating business operations in rural villages.
The firm's messaging app, Arattai, or "chat" in India's southern Tamil language, has gained sudden popularity, thanks to the efforts of commerce minister Piyush Goyal and education minister Dharmendra Pradhan.
"So proud to be on @Arattai, a #MadeInIndia messaging platform that brings India closer," Goyal said in an X post this week.
There were more than 400,000 downloads of the app last month, compared to fewer than 10,000 in August, data from market intelligence firm Sensor Tower shows. Its daily active users crossed 100,000 on September 26, an increase of 100 per cent on the day.
Indian companies find it difficult to replace global brands, since they often cannot match their financial clout and reach.
In 2021, Indian ministers promoted X-like social media platform Koo amid compliance-related disagreements with the American platform. But the Indian company shut last year for lack of funding.
"Only state patronage will not be enough," warned Dilip Cherian, a co-founder of Indian public relations firm Perfect Relations.
"What brands like Zoho need to succeed is a unique differentiating factor, deep pockets and strong protection against survelliance."
(Reuters)
Keep ReadingShow less
The donation was formally presented at Bestway Group’s head office in Park Royal
THE Bestway Foundation has donated £250,000 - raised at their annual charity day at Ascot during the summer - to the British Asian Trust, which works to help underprivileged communities in the subcontinent.
Chairman of Bestway Group, Lord Choudrey CBE SI Pk, said, “Charity has always been central to Bestway’s family and business values.
“Through the Bestway Foundation, we support causes that deliver real, measurable impact. The British Asian Trust’s innovative approach to tackling complex challenges across south Asia makes them an inspiring partner, and we are proud to support their work.”
Asif Rangoonwala CBE, vice chairman of the BAT, said, “We are deeply grateful to Sir Anwar Pervez, Lord Choudrey and the trustees of the Bestway Foundation.
“Their continued commitment to supporting communities across south Asia will enable us to expand our work and transform even more lives”.
Founded by the King, the BAT works on development projects to improve education and livelihood opportunities in south Asia.
Keep ReadingShow less
Customers look at the fruits and vegetables section at the Tesco supermarket, in Aylesbury, England. (Photo by JUSTIN TALLIS/AFP via Getty Images)
BRITAIN's largest retailer Tesco on Thursday (2) raised its 2025/2026 profit guidance as the supermarket chain won customers with competitive prices.
Group adjusted operating profit is now expected to reach between £2.9 billion and £3.1bn, up from a previous forecast of £2.7bn to £3bn, Tesco said in a statement.
"Competitive intensity remains elevated," the company said.
However, it added "a better-than-expected customer response to our actions and the benefit of an extended period of good weather have helped offset the cost of our investments."
Tesco uses lower price offers to attract customers in the face of competition, such as matching prices of German-owned discounter Aldi.
"The steps we have taken to keep prices down for customers have improved our price position relative to the market," said chief executive Ken Murphy.
Net profit fell more than nine percent in its first half to £950 million from the same period a year earlier, while revenue grew 3.6 per cent to around £36bn.
It saw double-digit growth in sales of its premium 'Finest' range of products.
"Tesco's broad offer to customers at all price-points is helping it to drive sustained market share gains," said Derren Nathan, head of equity research at Hargreaves Lansdown.
"Competition remains fierce and household budgets are under pressure, but Tesco is well placed to continue investing in value and quality," he added.
The company is on track to deliver £500m of savings for its 2025/2026 financial year to help offset costs of increased higher businesses taxes and a higher minimum wage, brought in this year by the UK's Labour government.
Business have warned that these increases will raise the costs of employing people.
(AFP)
Keep ReadingShow less
Sanjay has been with the Group for more than ten years and was involved in major deals including the purchase of St John’s Wood Care Home during the pandemic. (Photo credit: Arora Group)
ARORA Group has appointed Sanjay Arora as its new Chief Executive Officer.
Sanjay has been with the Group for more than ten years and was involved in major deals including the purchase of St John’s Wood Care Home during the pandemic, the acquisition of two large shopping centres, the creation of a property team and the delivery of Buckinghamshire Golf Club.
Surinder Arora, Founder and Executive Chairman of the Group, said: “Watching Sanjay’s journey from his earliest days in the business has been one of my proudest privileges. His ability to blend innovation with a deep respect for our values means the Group is in safe hands. The stage now belongs to the next generation, one that honours our roots while reaching boldly toward new horizons. We step into the future with a modern leadership that understands both the numbers and the narrative of an evolving world.”
Sanjay Arora said: “It is a privilege to take on the role of CEO at such an exciting time in the Group’s journey. I look forward to working with our talented teams across the business to continue building on our legacy, delivering exceptional experiences, and pursuing new opportunities for sustainable growth.”