Aneel Mussarat was born in Manchester in 1970 to Pakistani parents settled in Manchester from Faisalabad city. Aneel was ranked the 466th richest person in the United Kingdom and 21st richest Asian in the UK in 2007 by the Sunday Times.[1] He is founder of MCR Property Group.
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After completing high school, Aneel Mussarat engaged in collecting rent and managing properties that his family owned. Despite having bitter experiences with tenants, Aneel found interest in this sector and decided to engage completely in the property business. Aneel started to buy, renovate and rent out properties in Manchester that were within the range of £10,000 upwards. Aneel worked dedicatedly in his "buy to let" business and found massive success as time passed.
Aneel developed important contacts with the stakeholders of his business. His hard work and commitment earned him good name and reputation and with his business relations. Aneel moved up the ladder with time and started managing, constructing, renting out properties through a Private Limited Company named as "Classic Homes". Aneel's interest developed further with success and he continued to expand his business further into residential and from residential to commercial sector. Aneel also specialised in student residences in Manchester and the best known of the projects known as "Student Villages" were undertaken by him. He is also famous by the title of "Student Housing Magnate".
MCR Properties is not a company that is generally well regarded by tenants and has had a series or problems of late, including receivership,[2] low ratings from tenants in consumer reviews[3][4] and a series of environmental health issues and concerns for the safety of tenants in MCR properties in Manchester including flooding issues and a lack of fire safety regulations in MCR's Manchester based property portfolio.[5] MCR were fined £14,479 for the breaches of fire safety at the Grafton street flats.[6] They recently received numerous complaints from their 2011-2012 students who described the living standards as "disgusting" [7]