Developing Devagya Sunscape
Eco-Luxury Wellness Resort
Project Overview
Devagya Sunscape is a high-end wellness resort and branded villa development located on a rare 27-acre riverfront site in Uttarakhand, India
The project is being designed for discerning domestic and international wellness travelers, with a focus on creating a destination that integrates hospitality, residences, and curated experiences within a single environment.
Strategic Infrastructure:
Direct Access to Growth
A series of large-scale infrastructure developments are significantly improving accessibility to the region strengthening its position as a high-growth hospitality and wellness destination.
Key developments include:
Delhi–Dehradun Expressway
Expected to reduce travel time to ~3.5–4 hours from Delhi NCR
Rishikesh–Karanprayag Railway Line
Currently under implementation, improving regional connectivity
Char Dham Highway Upgrade
4-lane connectivity to major pilgrimage destinations —Yamunotri, Gangotri, Kedarnath, and Badrinath
Nearest Airport
Jolly Grant Airport, Dehradun (~3 hours from site)
Market Context:
Strong, Resilient Demand
India’s spiritual and wellness tourism market continues to expand and remains resilient across economic cycles.
Even during global slowdowns, demand is sustained by a diverse set of audiences, including:
Domestic wellness and leisure travelers
Spiritual tourism segments
International visitors seeking immersive, nature-led experiences
According to the Hotelivate feasibility report:
- Luxury ADRs in Rishikesh exceed ₹40,000+ per night
- Occupancy remains strong across seasons, driven by year-round tourism and spiritual calendars
- Limited supply exists at this scale and format — resulting in a structurally undersupplied market
Investment Highlights
The project is being developed with a $15M current valuation, with early investors participating at a $25M cap.
To date, $1.5M has been deployed by the founders, and the current round is raising $5M to advance the project into its next phase.
The overall development is structured at an estimated $55M project cost, with targeted returns of:
6–7X MOIC
18–25% IRR
7–8 year investment horizon
THE TEAM
A IIT / IIM multidisciplinary team combining global finance, hospitality, risk management, and on-ground execution expertise
Minakshi Srivastava
Founder, CEO
Rajiv Uppal
Business Strategy & Advisor
Saurabh Agnihotri
CFO & Investment Strategy
Pankaj Varshney
Strategy & Partnership, IIT
Sharad Agarwal
Strategic Advisor
Jai Jain
Business Strategy
Saurabh Srivastava
Strategy & Partnership, IIT
Subrata Majumdar
Project Management
Thank you for your continued
support and engagement
We look forward to sharing further progress as we move
into the next phase of development.
Contact Us
