International Journal For Multidisciplinary Research

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Business Plan Voyage Nova PGs

Author(s) Mr. Tushar Gulati
Country India
Abstract This business plan presents Voyage Nova PGs, a premium student accommodation venture designed to redefine the paying guest (PG) experience in India. Positioned in Kharar, Punjab, near Chandigarh University, the project caters to university students, competitive exam aspirants, and young professionals seeking secure, technology-enabled, and community-driven living spaces. The concept addresses the shortcomings of traditional PGs by integrating modern amenities such as Wi-Fi-enabled study areas, RFID-based security systems, prepaid mess services, and collaborative library and recreational facilities.
The plan outlines a required initial investment of ₹1.8 crore, structured through equity contributions, debt financing, and investor participation. Financial projections indicate a break-even occupancy rate of 73%, with profitability expected within 12–15 months of operations. With anticipated occupancy growth from 60% in the first year to 85% in the second, the model demonstrates strong scalability and return on investment. Expansion into other student hubs such as Bhatinda, Kota, and Delhi NCR forms the long-term growth strategy.
By combining transparent pricing, smart digital management, and a focus on student well-being, Voyage Nova PGs aims to establish itself as a benchmark in the organized student housing sector. The venture not only ensures financial viability but also creates value for students, parents, and investors by offering a safe, hygienic, and future-ready living environment.
Keywords Feasibility Study, Business Plan, Smart PGs, New Business Idea, SWOT Analysis,Marketing, Positioning, Business Idea
Field Business Administration
Published In Volume 7, Issue 4, July-August 2025
Published On 2025-08-23
DOI https://doi.org/10.36948/ijfmr.2025.v07i04.54120
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