India Golf Tournaments, Golf Events in India,Golf Tourism India,

1
India Golf Industry Outlook to 2020 Growth in
Golf Based Real Estate Projects and Golfers
Population to Aid Market Growth Ken Research
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How Much Is The Valuation Of Golf Economy In
India?

• Golf is witnessed to have multifold positive
  effects on economy by pushing the growth
  frontiers of core and enabled industries. Core
  industries are comprised with Golf course capital
  investment, golf facility operations, golf
  tournaments and endorsements and golf related
  supplies and equipment. Enabled industries
  include golf tourism and golf based real estate
  developments in India.
• In the last few years, many autonomous and
  government bodies such as Indian Golf Industry
  Association (IGIA), Golf Course Superintendents
  and Managers Association of India and India Golf
  Tourism Association (IGTA) in alliance with
  Ministry of Tourism have spent considerable time
  and efforts to promote golf among the masses.

3

• Malaysia is rapidly emerging as South-East Asia's
  latest golfing haven. The country has currently
  golf courses with a total registered golf members
  reported at .
• There are around golf courses in Thailand which
  have registered golf members during
  2015.Destination diversity and the vast choice of
  golf courses located throughout the country are
  key factors attracting the large numbers of
  visitors coming to play golf in Thailand
• Most of the golf courses in Korea are far from
  the city and are quite expensive which has kept
  the golf members to the level of during 2015.
  Currently, with golf courses, around golf
  courses are in a state of impaired capital and
  golf courses are under control of the courts

4
What Is The Outlook Of Golf Based Residential
Developments In India?

• The trend of golf based real estate projects was
  initiated way back around 2000 by few of the
  prominent real estate developers namely Jaypee,
  Sahara and DLF. Due to the overwhelming success
  of real estate projects, now almost of the
  newly developed golf courses are constructed as a
  part of residential communities.
• In 2015, there were a total of real estate golf
  based projects across India. These golf courses
  were a part of premium townships which was
  developed by few prominent real estate
  developers.
• Nowadays, there has been a growing tendency among
  real estate developers to construct mini golf
  courses/driving range instead of 9/18-hole golf
  courses in their real estate projects. This
  implies that golf is no more restricted to
  integrated townships but is also becoming a part
  of small townships.
• Elite class population is regarded as the
  proximate target group for golf based real estate
  properties, since they always have a higher
  tendency for luxury apartments with massive green
  space. These projects have almost of the area
  open with green space. Nowadays, almost around
  of the newly developed golf course have been an
  integral part of resort oriented real estate
  projects or residential communities.

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• The highest premium in a residential township is
  added by waterfront, after which golf course
  comes at the second position. Golf course not
  only add premium to the property because of its
  facility but also due to the beautiful landscape
  which the golf course offers. However, the
  premium been added to the golf course also
  depends upon the golf architect who has actually
  designed the golf course. This has led to an
  average of premium which is added to the real
  estate properties after developing golf course in
  the vicinity of the project.
• The golf based real estate project have been
  evaluated to generate revenues worth INR crore
  during 2015 (without considering super premium
  projects into consideration being as an outlier)
  , out of which INR crore have been generated
  from the premium added to the sector.

6
Premium In Golf Based Real Estate Properties In
Major Tier 1 Cities

• Golf-based real estate offerings in Bangaluru
  mostly constitute of villas. Prestige Golfshire
  hosts one of the prominent landscapes of villas
  surrounding the perimeter of the course that is
  laid on a huge 275 acres of land. Eagleburg Green
  Villas and Prestige Augusta are the other two
  major golf based projects in the city.
•  
• Pune golf projects are mainly into selling
  apartments, although the two new ongoing projects
  have villas for sale too. Golf-based apartments
  have shown an average of higher return
  compared to other projects. Traditionally,
  Ahmedabad has been a market for golf villas, but
  the oversupply of real estate units has
  constrained the investment potential on golf
  based projects in Ahmedabad.
• Noida based golf real estate projects have been
  on the rise. The region is projected to have at
  least 5 new golf-centric projects each occupying
  an area of not less than 100 acres. However, all
  the planned courses will have 9 holes to start
  with. The Jaypee Greens Greater Noida project is
  already a success.

7
Future Potential Of Golf Based Residential
Projects

• Real Estate golf properties continue to be
  popular, but they are changing to smaller 9 holes
  or par 3 courses. This will help bring children
  and new golfers in as it makes the game seem much
  more accessible. Short courses will always help
  with the time constraints and 18 holes round
  takes.

8
What Is The Existing Scenario For Golf Facility
Operations In India?

• Golf course development in India has seen a rapid
  spurt over the last 6 years. Due to the high
  premiumization associated with golf centric real
  estate properties, there has been initiation of
  numerous golf projects across the country. There
  are few prominent golf courses that have been
  developed in the past few years which are at par
  with international standards. These courses have
  been designed by legendary golfers such as Jack
  Nicklaus and Gary Player which are favored by
  inbound golf tourists.
• Southern India has the highest number of civilian
  golf courses. Bangalore Golf Club, Karnataka Golf
  Association, Clover Greens Golf Course, Eagleton
  Golf Village, Prestige Golfshire Club and others
  are few of the prominent golf clubs in South
  India.

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• According to IGU, currently as on August 2016,
  there are a total of registered golf courses,
  out of which are civilian golf courses and the
  rest are armed golf courses. The majority of the
  golf courses are located in proximity to urban
  centers with most of them located close to NCR,
  Bangalore, Hyderabad and Mumbai. In India,
  playing golf is still considered as a status
  symbol among golfers. However, this image is
  forecasted to change in the coming years as golf
  participation rate will increase among people
  from mediocre background. Moreover, the
  involvement of womens and junior golfers is
  anticipated to mark promising growth in terms of
  target population for golf industry.

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• For more information about the publication, refer
  to below link
• https//www.kenresearch.com/consumer-products-and-
  retail/sporting-equipments/india-golf-market-outlo
  ok-2020/60303-95.html
•  
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