Jukaso Group to invest INR 400 cr to venture into vacation ownership
03 Sep 2013

Jukaso Group has announced its venture into vacation ownership (time share) business. The group is working on acquiring vacation properties in destinations like Goa, Mussoorie, Nainital and in South India. It also plans expanding the business abroad with London and Dubai.

Speaking about the new business, Rajiv Khanna, chairman, Jukaso Group said, “There are currently only three lakh time share members in India whereas the potential consumer base is over 100 million. With quite an extensive base of rooms to start with, we feel we have an edge in the market. We are also the only ones to offer properties in Europe to begin with for time share.”

With an investment of INR 400 crore in the next three years for hotel development, the group plans to double the inventory of hotel rooms for its time share members.

“We will provide value for money services as well as add innovative and exciting features, which have never been experienced in the concept of vacation ownership,” said Rominder Khanna, Chief Operating Officer, Jukaso Resorts Pvt Ltd.

A vacation product will be launched for the Indian consumers in the third quarter of FY 13-14. The core team has started work on the product design, hiring and setting up the best processes. Already 80 personnel from the current market leader have joined Jukaso for its new venture.