A process for the preparation of a compound of Formula: which is selected from the group consisting of: 1002 Cis (±) 3-hydroxychroman-2-yl)benzene-1,2-diol; 1003 Cis (±) 2-(3,4-dihydroxyphenyl)chroman-3,7-diol; 1004 Cis (±) 2-(4-hydroxyphenyl)chroman-3,7-diol; 1005 Cis (±) 2-(3-hydroxyphenyl)chroman-3,5-diol; 1006 Cis (±) 2-(4-hydroxyphenyl)chroman-3,5-diol; 1007 Cis (±) 2-(3-hydroxyphenyl)chroman-3,7-diol; 1011 Cis (±) 2-(3-hydroxyphenyl)chroman-3-ol; 1012 Cis (±) 2-(4-hydroxyphenyl)chroman-3-ol; 1013 Cis (±) 2-(3,4-dihydroxyphenyl)chroman-3,5-diol; 1016 Cis (±) 2-(4-hydroxyphenyl)-3-methoxychroman-7-ol; 1017 Cis (±) 2-(4-methoxyphenyl)chroman-3,7-diol; 1018 Cis (±) 2-(4-hydroxyphenyl)-7-methoxychroman-3-ol; 1019 Cis (±) 7-methoxy-2-(4-methoxyphenyl)chroman-3-ol; 1020 Cis (±) 3,7-dimethoxy-2-(4-methoxyphenyl)chromane; 1021 Cis (±) 7-hydroxy-2-(4-hydroxyphenyl)chroman-3-yl acetate; 1022 Cis (±) 3-(3,7-dihydroxychroman-2-yl)phenyl acetate; 1023 Cis (±) 3-hydroxy-2-(3-hydroxyphenyl)chroman-7-yl acetate; 1024 Cis (±) 3-(7-acetoxy-3-hydroxychroman-2-yl)phenyl acetate; 1025 Cis (±) 2-(4-acetoxyphenyl)chroman-3,7-diyl diacetate; 1026 2-(3-methoxy-4-methylphenyl)chromane-3,7-diol; 1027 2-(3-hydroxy-4-methylphenyl)chromane-3,7-diol; 1028 2-(4-fluoro-3-methoxyphenyl)chromane-3,7-diol; 1029 2-(4-fluoro-3-hydroxyphenyl)chromane-3,7-diol; 1030 2-(3-hydroxyphenyl)-3-propoxychroman-7-ol; 1067 (2R,3R)-7-methoxy-2-(3-methoxyphenyl)-3-propoxychromane; 1068 (2R,3R)-2-(3-methoxyphenyl)-3-propoxychroman-7-ol; 1069 (2R,3R)-2-(3-hydroxy-4-methylphenyl)chromane-3,7-diol; and 1070 (2R,3R)-7-methoxy-2-(4-methoxyphenyl)chroman-3-ol; comprising the steps of: i. protecting the hydroxyl groups of an acetophenone of Formula 1, wherein X is methyl, with a protecting agent in the presence of a base and a solvent; ii. reacting compound of Formula 1 obtained from step (i) with a compound of formula 2 in the presence of a base and a solvent to obtain a chalcone of formula 3; iii. converting the chalcone of formula 3 to a compound 4 in the presence of an epoxidizing agent or a base; iv. optionally protecting hydroxyl group(s) of the compound obtained in step (iii); v. reducing the compounds of step (iii) or step (iv) in the presence of a chiral/achiral reducing agent to obtain a mixture of 4H-chromene and 2H-chromene compounds of formula 6 and 7; and hydrogenating 4H-chromene and 2H-chromene compounds obtained in step (v) to obtain the compound of Formula. 1002 Cis (±) 3-hydroxychroman-2-yl)benzene-1,2-diol; 1003 Cis (±) 2-(3,4-dihydroxyphenyl)chroman-3,7-diol; 1004 Cis (±) 2-(4-hydroxyphenyl)chroman-3,7-diol; 1005 Cis (±) 2-(3-hydroxyphenyl)chroman-3,5-diol; 1006 Cis (±) 2-(4-hydroxyphenyl)chroman-3,5-diol; 1007 Cis (±) 2-(3-hydroxyphenyl)chroman-3,7-diol; 1011 Cis (±) 2-(3-hydroxyphenyl)chroman-3-ol; 1012 Cis (±) 2-(4-hydroxyphenyl)chroman-3-ol; 1013 Cis (±) 2-(3,4-dihydroxyphenyl)chroman-3,5-diol; 1016 Cis (±) 2-(4-hydroxyphenyl)-3-methoxychroman-7-ol; 1017 Cis (±) 2-(4-methoxyphenyl)chroman-3,7-diol; 1018 Cis (±) 2-(4-hydroxyphenyl)-7-methoxychroman-3-ol; 1019 Cis (±) 7-methoxy-2-(4-methoxyphenyl)chroman-3-ol; 1020 Cis (±) 3,7-dimethoxy-2-(4-methoxyphenyl)chromane; 1021 Cis (±) 7-hydroxy-2-(4-hydroxyphenyl)chroman-3-yl acetate; 1022 Cis (±) 3-(3,7-dihydroxychroman-2-yl)phenyl acetate; 1023 Cis (±) 3-hydroxy-2-(3-hydroxyphenyl)chroman-7-yl acetate; 1024 Cis (±) 3-(7-acetoxy-3-hydroxychroman-2-yl)phenyl acetate; 1025 Cis (±) 2-(4-acetoxyphenyl)chroman-3,7-diyl diacetate; 1026 2-(3-methoxy-4-methylphenyl)chromane-3,7-diol; 1027 2-(3-hydroxy-4-methylphenyl)chromane-3,7-diol; 1028 2-(4-fluoro-3-methoxyphenyl)chromane-3,7-diol; 1029 2-(4-fluoro-3-hydroxyphenyl)chromane-3,7-diol; 1030 2-(3-hydroxyphenyl)-3-propoxychroman-7-ol; 1067 (2R,3R)-7-methoxy-2-(3-methoxyphenyl)-3-propoxychromane; 1068 (2R,3R)-2-(3-methoxyphenyl)-3-propoxychroman-7-ol; 1069 (2R,3R)-2-(3-hydroxy-4-methylphenyl)chromane-3,7-diol; and 1070 (2R,3R)-7-methoxy-2-(4-methoxyphenyl)chroman-3-ol; comprising the steps of: i. protecting the hydroxyl groups of an acetophenone of Formula 1, wherein X is methyl, with a protecting agent in the presence of a base and a solvent; ii. reacting compound of Formula 1 obtained from step (i) with a compound of formula 2 in the presence of a base and a solvent to obtain a chalcone of formula 3; iii. converting the chalcone of formula 3 to a compound 4 in the presence of an epoxidizing agent or a base; iv. optionally protecting hydroxyl group(s) of the compound obtained in step (iii); v. reducing the compounds of step (iii) or step (iv) in the presence of a chiral/achiral reducing agent to obtain a mixture of 4H-chromene and 2H-chromene compounds of formula 6 and 7; and hydrogenating 4H-chromene and 2H-chromene compounds obtained in step (v) to obtain the compound of Formula. i. protecting the hydroxyl groups of an acetophenone of Formula 1, wherein X is methyl, with a protecting agent in the presence of a base and a solvent; ii. reacting compound of Formula 1 obtained from step (i) with a compound of formula 2 in the presence of a base and a solvent to obtain a chalcone of formula 3; iii. converting the chalcone of formula 3 to a compound 4 in the presence of an epoxidizing agent or a base; iv. optionally protecting hydroxyl group(s) of the compound obtained in step (iii); v. reducing the compounds of step (iii) or step (iv) in the presence of a chiral/achiral reducing agent to obtain a mixture of 4H-chromene and 2H-chromene compounds of formula 6 and 7; and hydrogenating 4H-chromene and 2H-chromene compounds obtained in step (v) to obtain the compound of Formula.