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News Details : |
21 Feb 2010 Business Standard
These days, real estate projects with ’sports’ as the theme is catching on with Indian developers. In this model, companies offer homes surrounded by sports facilities like race tracks, cricket stadium and lawn tennis courts. Of course, the pricing is fairly competitive. One example of such a development is Jaypee Sports City, which is coming up in Greater Noida on 2,500 acres. The city, being developed by Jaypee Greens, has a cricket stadium, a go-karting facility and an international standard motor race track, covering 875 acres. Launched in November last year, the company claims that it has seen good traction. Joining the league is Emaar-MGF, which is also developing 1,168 apartments (34 towers) in Commonwealth Games Village in New Delhi. "We have been awarded the work for development of the 27.2-acre residential complex, part of the over 100-acre Commonwealth Games Village 2010 complex. This is one of the most prestigious projects being undertaken by the company," said a company spokesperson. One more sports project in the pipeline is "US Opens Apartments" in Mulund, Mumbai. The project, being build by Nirmal Lifestyle, is going to a spa, a fitness centre, sports clubs, lawn tennis courts, a baseball court, a swimming pool, and badminton courts, over 75,000 sq ft out of the 5,00,000 sq ft.
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