my4moles

You would be surprised, but there are more than 50 golf courses under construction in the whole of India. Most of them will be ready by 2013. Some of them are High-end full 18 holes golf courses and some are been built with a 9 hole concept.

However more that 70% of these golf courses are being built with a real estate package. To name a few are 'THE IMPERIAL' coming up in Ludhiana and 'RAKINDO' in Coimbatore. There are few coming up in the West of India between the Pune and Mumbai Highway. Then there are projects like M3M Golf estate which is building appartments around a 9 hole course in Gurgaon. But only 3 -4 projects are coming under the state governments which obviously will be rock bottom membership costs for the defence and bureaucrats and as always higher for the Corporates (I mean the civilians... :-) )

Interestingly, then there are also many projects in the NCR and West of India who associate with Golf in their advertising so as to give it a luxury touch. When contacted to know about the details on the Golf facilities, we are told, "There will be putting greens on the Roof tops" or "We are building a driving range".

Real Estate in India is trying to ride the LUXURY tag attached to Golf. But amazingly, most of the Builders think that the GOLFERS in India are NOT their target audiance. They intend to lure the NRI and the business class by giving the GOLF / Greenery enviornment to the whole facade. Obviously, at a much higher price tag.

Will this help grow the Game of Golf in India or will this Help keep the Real estate economy to continue running in this market of HIGH Rate of Interest for loans? .... :-)