Developing Devagya Sunscape
Progress at the Rishikesh Riverfront Retreat
Jan to Mar 26 Edition
Over the past quarters, Devagya Sunscape has continued advancing across regulatory approvals, land consolidation, operator engagement, strategic partnerships, and investor outreach. These milestones continue to strengthen the project’s foundation as it moves steadily toward development readiness.
Securing the Site: Land Acquisition, Approvals
Regulatory Milestones Achieved
Key approvals secured in late 2025 enabled structured land consolidation:
Advancing Site Consolidation
Recent progress includes:
- Irrigation Department clearance obtained
- Additional administrative clearance from the DM office
- Project vision presented at the Chief Minister’s office
- Continued coordination with district authorities
Market Validation & Project Positioning
Feasibility & Market Validation Completed
Independent feasibility analysis by Hotelivate confirmed the project’s positioning
Feasibility & Market Validation Completed
Engagement with hospitality and real estate professionals has continued to reinforce confidence in the project’s location, scale, and luxury positioning within the growing Uttarakhand hospitality market.
Global Hospitality Operator Engagement
Operator Outreach & Initial Engagement
Operator outreach led by Cushman & Wakefield initiated discussions with several leading international hospitality brands:
Multiple operator term sheets were received during this stage
Expanding Interest from Global Brands
Further interest has emerged from additional luxury operators:
Anantara wellness
brand expressed
formal interest
The Leela Hotels &
Resorts reviewing
the opportunity
This growing operator engagement further validates the project’s positioning and destination strength.
Strategic Leadership & Advisory Platform
Leadership Platform Established
A multidisciplinary leadership structure has been established across
the US, Delhi/Gurgaon, and Dehradun covering strategy, approvals, partnerships,governance and brand marketing
Leadership Platform Established
A multidisciplinary leadership structure has been established across
the US, Delhi/Gurgaon, and Dehradun covering strategy, approvals, partnerships,governance and brand marketing
Strategic Advisors Joining
The advisory platform expanded further with the addition
of new strategic partners and advisors:
Strategic Partners
Jay
Jain
Dr. Kalyani
Raghavan
Saumil
Vyas
Rekha
Uppal
Business Advisors
Rajiv
Uppal
Dr. Abha
Agarwal
Praveen
Sahay
Strengthening the Execution Platform
Execution Framework Put in Place
A structured project execution framework was established to coordinate development planning, capital structuring, and investor engagement.
Operational Capacity Expanding
- Four strategic partners joined the project
- Three additional execution team members hired
These additions strengthen project management and construction preparedness.
Powering the Next Leap
Strategic Advisors Joining
The advisory platform expanded further with the addition
of new strategic partners and advisors:
$1.2M
Capital commitment
secured in India
$0.6M
Additional funding
raised (Aug–Dec 2025)
Investor Engagement Expanding
~ $0.5M additional
capital raised in
early 2026
~ $0.5M additional
capital raised in
early 2026
~ $0.5M additional
capital raised in
early 2026
Participation structures introduced include SAFE equity, loan structures,
and villa ownership options
Building Visibility, Building Trust
Project Visibility Expanding
Official project website launched
Marketing and communications initiatives underway
Investor outreach expanding through structured updates
Next Key Milestones
Upcoming Development Priorities
Completion of major land registries (Mar–May 2026)
Final selection of
hospitality operator
(target: April 2026)
Engagement of national construction partners
Integration of final architecture with operator specifications
What Lies Ahead
Completion of
remaining project
clearances
Appointment of
local hill-area
contractors
Advancement of
construction-stage
capital raise
Thank you for your continued
support and engagement
We look forward to sharing further progress
as we moveinto the next phase of development.
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