Start Your Own resort or Hotel in Sasan Gir
Sasan Gir, a popular destination for wildlife enthusiasts, is home to the majestic Asiatic lions and offers a unique blend of nature and adventure. As one of India’s premier wildlife sanctuaries, the area attracts a significant number of tourists eager to explore the rich biodiversity and serene landscapes. For entrepreneurs and investors, Sasan Gir presents an excellent opportunity to establish a resort that caters to this influx of nature lovers.
Land Availability and Cost
In Sasan Gir, both agricultural and non-agricultural land is available for purchase. The land prices range from approximately Rs. 15 lakhs to Rs. 40 lakhs per acre, depending on the location and proximity to the forest reserve. The choice between agricultural and non-agricultural land will depend on the specific business model and regulatory considerations.
Essential Approvals and Clearances
The most crucial requirement for starting a resort in the Gir area is obtaining a No Objection Certificate (NOC) from the Forest Department. This clearance ensures that the project does not adversely affect the local wildlife and complies with environmental regulations. It is advisable to consult with local authorities and experts to navigate the legal landscape efficiently.
Construction and Facilities
For a successful resort venture, the minimum land area required is 2 acres, costing approximately Rs. 100 lakhs. The estimated construction cost ranges from Rs. 1300 to Rs. 1500 per square foot, depending on the type and quality of construction. Here’s a breakdown of the proposed facilities:
- Accommodation:
- 20 rooms with modern amenities.
- Banquet Hall:
- A facility to host events and gatherings.
- Restaurant:
- A dining area offering local and international cuisines.
- Swimming Pool:
- A leisure facility for guests.
- Kids Activity Area:
- A dedicated space for children’s activities and entertainment.
- Parking Area:
- Ample parking space for guests’ vehicles.
With a total construction area of 20,000 square feet, the construction cost is projected to be around Rs. 300 lakhs.
Total Investment and Financial Projections
The total investment required for establishing the resort, including land acquisition, construction, and working capital, is approximately Rs. 450 lakhs. The working capital covers contingency and other operational expenses, estimated at Rs. 50 lakhs.
Revenue Projections:
- Room Revenue: At an average room rate of Rs. 3500 per night and 50% occupancy, the total annual room revenue is projected at Rs. 1,26,00,000.
- Additional Revenue: Income from the restaurant and other services is estimated at Rs. 25,00,000 per annum.
Total Annual Revenue: Rs. 1,51,00,000.
With a net profit margin of 40%, the expected annual profit is Rs. 60.40 lakhs. The payback period for the total investment is calculated to be approximately 7.45 years.
Conclusion
Investing in a resort in Sasan Gir offers a promising opportunity to tap into the growing tourism market in the region. The unique appeal of wildlife and natural beauty, combined with well-planned facilities and services, can attract a steady stream of visitors throughout the year. However, success in this venture depends on meticulous planning, adherence to environmental regulations, and providing a memorable guest experience. With the right approach, a resort in Sasan Gir can become a profitable and sustainable business.
