Golf Properties in India Are All the Rage
When you think of sport in India, you immediately think of cricket, played with such a passion in the subcontinent that it is almost is a religion due to the extreme emotions and fervor that in inspires in the populace. However, in recent times another sport is gaining popularity in India and receiving much corporate sponsorship, and this sport is golf.
As a recent CNN Living Golf report indicates, the popularity of golf in India is growing in leaps and bounds as more and more people are taking up the sport and tournaments belonging to the European Tour are now being staged in India regularly. In fact golf has been growing in popularity all over Asia for some years now and nine out of the current top twenty women golfers in the world hail from Asia.
The British are credited with introducing golf in India as early as 1829 when the Royal Calcutta Golf club was established as the first golf club outside Great Britain. At present there are approximately 200 golf courses in India, though most of these are located within exclusive golfing clubs and within the boundaries of five star hotels. Membership to these golf clubs is quite difficult to come by and the facilities of five star hotels are usually reserved for hotel guests. These facts are considered the current constraints on the growth of golf in India.
However all this soon set to change as some Indian real estate developers, aware of the game’s growing appeal, have started incorporating golf courses into their luxurious developments in order to give their properties an extra oomph factor. They are hoping that this will help them attract the highly coveted clientele of corporate big wigs, non resident Indians and other high net worth individuals who are traditionally associated with the sport of golf. Faced with a sluggish demand for luxury homes in recent months these developers now are banking on these golf-themed projects to give luxury property sales a much needed push.
A few years ago, the Sahara group designed its high profile Amby Valley project located at Lonavala near Mumbai to encompass an 18 hole golf course with a golf academy. Now, other major developers like Unitech , DLF, Ansal API, Omaxe and Jaypee have also jumped on the bandwagon and have all launched golfing projects in different cities in India in the hope that wealthy customers will continue to pay top dollar to be able to reside in a luxurious abode which has a facility for them to tee off on an exclusive green as and when they please.
The Aralias and The Magnolias - Luxury golf properties in Gurgaon
DLF, a Delhi based premium housing developer has taken the lead in the building of golf-themed developments and has in fact established a private integrated township called DLF city which is spread over 3000 acres in Gurgaon located on the south western border of New Delhi. The township is equipped with world class infrastructure which is associated with any global modern city. DLF City has excellent medical, educational, shopping and entertainment facilities but its pièce de resistance is its DLF Golf and Country Club .
This Arnold Palmer signature 18-hole golf course is the only golf course in India which has a night golfing facility and the course is ranked amongst the top ten golf courses in Asia.
DLF has constructed two twin luxury high rise residential projects within the environs of the course called ‘The Aralias’ and ‘The Magnolias’ which overlook the golf course. The Aralias has already been completed, and The Magnolias development is expected to be completed later this year. This property development has been designed by renowned Indian architect Hafeez Contractor and is being constructed by DLF Laing O’Rourke which is a joint partnership between DLF and the UK based Construction Company Laing O’Rourke.
The Magnolias will over look a new 9-hole golf course which will be spread over 60 acres. This development offers 300 centrally air-conditioned luxury apartments, which range in size from 5825 square feet to 10,000 square feet. Additionally the complex has all the usual modern deluxe dwelling amenities such as a swimming pool, tennis and squash courts, steam, sauna and fitness room facilities as well as a convenience store. The building is also equipped with a sophisticated fire fighting system, CCTV and is earthquake resistant. Apartments at The Magnolias are currently priced from Rs.4,66,00,000 ($1.6 million) upwards.
Jaypee Greens - Living golf in Noida
These golf centric developments are being developed in the NCR regions of Noida and Greater Noida. While the Greater Noida development is spread over 452 acres and contains an 18-hole Greg Norman golf course, the Jaypee Greens township located in Noida is spread over 500 verdant acres and has an 18-hole course and as well as 9-hole Graham Cooke golf facility. Both these townships have dwellings which include villas, luxurious townhouses, penthouses, condominiums, studio apartments as well as commercial complexes and spectacular shopping malls. Residential properties at the newly launched Jaypee Greens at Noida are priced from Rs.97,60,000 ($243,695) upwards while properties at the Greater Noida project are start at Rs.78,00,000 ($194,756).
Ansal API Sushant Golf City at Lucknow - Budget golf properties
The Sushant Golf City is spread over 2000 acres on the outskirts of the capital city of the state of Uttar Pradesh on the Lucknow-Sultanpur Highway. This project is located at a distance of only 7 kilometers from Lucknow airport and is aimed at the mid level golf playing executive.
The Sushant Golf City is to be yet another self-contained township which will have many recreational facilities including an 18-hole standard championship golf course, a Royal Palms Golf and Country Club and a Mahesh Bhupati Tennis Academy, which is being promoted by India’s leading doubles player.
The properties in Sushant Golf City have been designed by the Ansal group in conjunction with KTGY, an architectural firm based in Bangkok Thailand. These properties are currently being offered at very attractive discounted prices, which range from Rs.7, 25,000 ($18,170) to Rs.48,40,000 ($121,303). The Royal Palms Golf and Country Club located in Sushant Golf City will offer golf instruction for the residents of this township.
So whether you are a keen golfer, or if you want to get in on India’s latest property trend, you might want to consider investing in one of these golf-themed developments in India, which offer you ample opportunity to perfect your swing and make an investment in the bargain.
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Residential dwellings built around a golf course are the latest buzzword in the super-premium housing segment of the Indian realty industry, estimated at $15 billion and growing at 35 per cent annually. The golf cities make an attractive preposition for NRIs and HNIs who together constitute 50 per cent of buyers in the premium housing segment. These high end customers are ready to pay big bucks for a sprawling home amidst the greens with a promise of high class lifestyle. So from the top brass of the corporate world to those who aspire to arrive in life, everyone finds residences built around the golf course an ideal abode. Golf home projects are exclusive projects. Slight slumps in the market that generally slow down the middle housing segments usually do not affect these projects, as the buyer is exclusive and very selective about the property. And the trend is fast spreading from metros to emerging cities. Earlier golf was restricted to a select group, but it has grown popular over the years with many middle level executives and business class taking active interest in the game. No wonder big players like Unitech, DLF, Ansal API, Omaxe and Jaypee have already taken the plunge with an array of golf-centric projects.“Golf is not just a game but it’s a symbol of urban upper class lifestyle.”For more view- realtydigest.blogspot.com
Comment by riathareja — May 23, 2008 @ 12:56 pm