Devagya
Sunscape

Eco-luxury wellness resort & branded residences — Himalayan foothills of Srinagar, Uttarakhand. Sponsored by Janhvi Enterprise LLC, Pennsylvania USA.

CEO: Minakshi Srivastava
Updated: April 2026
Stage: Approvals · Pre-Construction
Capital Raising
$5,000,000
Pre-Money Valuation$15M
Valuation Cap (SAFE)$25M
Founder Invested$1.5M
Equity Offered20%
Target MOIC6–7×
Target IRR18–25%
Fixed Note Return15% p.a.
Horizon7–8 Years
01
Executive Summary
The Opportunity

Devagya Sunscape is an eco-luxury wellness resort and branded villa development on a rare 27-acre Ganga riverfront site in Uttarakhand's Pauri district — 15 km from Srinagar (Garhwal), ~3 hours from Dehradun's Jolly Grant Airport. The integrated development combines a 100–120 key 5-star wellness resort with 50 branded luxury villas. World-class operator tie-ups already offered from Marriott, Hilton, and Hyatt.

Sponsored by Janhvi Enterprise LLC (Pennsylvania, USA), the current round raises $5M at a $15M pre-money / $25M SAFE cap to complete land registration, government approvals, and operator formalization. Founder has invested $1.5M; government in-principle approval secured July 2025, NOCs received January 2026. Target returns: 6–7× MOIC, 18–25% IRR over 7–8 years. U.S.-friendly structure with all instruments governed under Pennsylvania State Law and denominated in USD.

02
Bio
About Devagya Sunscape

Devagya Sunscape sits at the convergence of three of India's most powerful growth vectors — spiritual tourism, luxury wellness travel, and Himalayan real estate appreciation. The 27-acre site offers approximately 1 km of direct Ganga (Alaknanda) riverfront in Pauri district, on the corridor between Srinagar (Garhwal) and Devprayag — the confluence of the Alaknanda and Bhagirathi rivers that forms the Ganga.

Uttarakhand has emerged as India's highest-ADR luxury hospitality market, with ADRs of ₹40,000–₹100,000 per night — surpassing Goa and Mumbai. The Srinagar valley remains severely undersupplied by branded luxury operators, creating a compelling first-mover advantage. Devagya Sunscape is structured as a 100% Indian subsidiary of Janhvi Enterprise LLC (Pennsylvania), providing U.S. legal protections, USD-denominated returns, and consolidated cross-border reporting for American investors.

Project Scope
Hotel Keys
100–120
5-star upper upscale
Branded Villas
50
3BR · 4BR · 5BR types
Site Area
27 Acres
1 km Ganga riverfront
Total Cost
~$55M
₹750 Cr. integrated
Launch
Jan 2030
Commercial opening
Brand Partners
4
Marriott · Hilton · Hyatt · Accor

The integrated development combines a 100–120 key 5-star luxury wellness resort with spa, fine dining, and MICE facilities — alongside 50 premium branded residences in 3, 4, and 5 bedroom villa configurations (villas sold on leased land of 99 years per Uttarakhand policy). Stabilized ADR projected at ₹49,743–₹62,179, approximately 40% above the current market average of ₹33,911.

Market & Demand Drivers

Recession-Resilient Tourism

India's spiritual and wellness tourism is structurally resilient. Demand driven by: urban HNIs seeking wellness detox, global Ayurveda/yoga tourists, Char Dham pilgrimage visitors extending luxury stays, Delhi NCR weekend market (3.5–4 hrs post-expressway), NRIs seeking Himalayan experiences. Uttarakhand drives 84% leisure-led demand.

First-Mover Advantage

Srinagar (Garhwal) is largely untapped compared to saturated Rishikesh and Mussoorie. Competing luxury brands — Oberoi, Trident, JW Marriott, ITC Mementos — are entering the broader region, validating the corridor. Devagya Sunscape will be among the first branded luxury resorts in this specific sub-market.

Infrastructure Catalysts
Delhi–Dehradun Expressway (NCR travel reduced to 3.5–4 hrs) · Rishikesh–Karnaprayag Railway Line (under implementation) · Char Dham Highway Upgrade (₹12,000 Cr initiative, 4-lane connectivity). These three projects expected to increase tourist arrivals by 50%+ and drive significant land value appreciation.
Investment Structure & Security

SAFE or Convertible Promissory Note (US)

Investors become creditors of Janhvi Enterprise LLC (Pennsylvania) via a SAFE at $25M cap (equity conversion upon next priced round) or a 15% fixed annual promissory note (12, 36, or 60 month tenor; paid quarterly or accrued). Early repayment allowed without penalty. $250K+ investors receive first right to convert at discount. IRA/401(k) eligible via SDIRA.

Four-Layer Security

Land collateral — 27-acre site (4–6× the raise), court-registered

Villa allocation guarantee — collateral tied to specific parcels

Corporate guarantees — US + India entities

USD denomination — all flows in USD, zero INR exposure

Capital Protection
In the unlikely scenario of government approval failure, land liquidation at 4–5× current value ensures full investor repayment. As-is land value ($8–10M) comfortably exceeds the current raise ($5M), providing a strong capital floor. No lender funds deployed until zoning approval is complete.
Leadership Team
Minakshi Srivastava
CEO · Founder · JNU
FinTech, AI & Risk Analytics. Prior: GE Capital, Deloitte, Bank of America. Leads investor relations, project development, and strategy. minakshis@janhvie.com
Saurabh Srivastava
Founder · MD · IIT Kanpur
Investment strategist. Prior: Infosys, Merrill Lynch, BofA, PNC. Led prior 7× Marriott subsidiary investment. Leads strategic partnerships.
Saurabh Agnihotri
CFO · Founder · IIT Kanpur
Investment banker, Principal at Silver Capital Advisors. Global M&A expertise. Drives financial strategy and capital planning.
Kapil Rawat
COO · Founder · JNU · IESE
Former VP Citibank Dublin. Leads full-cycle project execution: site operations, government compliance, and construction management.
03
Performance Metrics
Value Creation · Approvals · Capital Deployment
Value Creation Pathway
As-Is Land
$8–10M
Current value
Post-Zoning
$18–22M
After DM approval
Branded
$25–30M
Operator signed
Stabilized Hotel
$70–80M
Year 4+ ops
Combined Exit
$85–120M+
Hotel + Villas
Government Approvals Timeline
Mar 2024
Project Initiated
Due diligence completed; 27-acre riverfront site identified.
Jul 2024
Devagya Sunscape Incorporated
Indian subsidiary incorporated; Janhvi Enterprise LLC acquires 100% ownership.
Jul 2025
In-Principle Government Approval
Government in-principle approval for tourism land development secured. ~35% land acquisition complete.
Nov 2025
SDM & DM Project Sign-Off
Sub-Divisional Magistrate and District Magistrate sign-off received.
Jan 2026
NOCs — All Departments
No Objection Certificates received from all relevant government departments.
Feb 2026 (expected)
Chief Minister Sign-Off
Procedural CM sign-off expected; land registry and brand operator formalization to follow.
Jun 2026
Construction Approval & Groundbreaking
Full resort construction approval; construction commences.
Jan 2030
Commercial Launch
Full hotel and villa operations begin.
Current $5M Round — Use of Funds

Tranche 1 — $2.5M · Feb 2026

Final land registration across 80+ individual farmer agreements · Legal documentation & compliance completion · Government approval finalization · District Magistrate land-use conversion.

Tranche 2 — $2.5M · Mar 2026

Hospitality operator formal tie-up & contracts · Final architectural design & master planning · Pre-construction readiness · Brand partnership formalization with selected global operator.

04
Projects
Devagya Sunscape — $5M Current Round · $55M Total Project
Prefer the full investment package? Review the complete business plan and financial model.
Active · Approvals Complete · Raising
Devagya
Sunscape
Eco-Luxury Resort · Branded Villas
Current Round$5M · SAFE or Promissory Note

27-acre Ganga riverfront in Uttarakhand near Srinagar Garhwal. 100–120 key 5-star wellness resort + 50 branded luxury villas. Marriott/Hilton/Hyatt operator tie-ups offered. All government NOCs secured; CM sign-off expected Feb 2026. Pre-money $15M, SAFE cap $25M. Target 6–7× MOIC, 18–25% IRR over 7–8 years. Total project cost ~$55M; combined exit valuation projected $85–120M+.

05
Contact
Investment Inquiries
CEO · Investor RelationsMinakshi Srivastava
CEO Emailminakshis@janhvie.com
General Inquiriesjanhvie108@gmail.com
US SponsorJanhvi Enterprise LLC (Pennsylvania)
India Operating Co.Devagya Sunscape Pvt. Ltd.
Capital Raise$5,000,000
Minimum Investment$25,000 ($50,000 preferred)