India golf industry outlook to 2020 – ken research

India Golf Industry Outlook to 2020 – Growth in Golf Based Real Estate Projects and Golfers Population to Aid Market Growth: Ken Research

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.

• 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

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.

• 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.

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.

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.

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.

• 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 women’s and junior golfers is anticipated to mark promising growth in terms of target population for golf industry.

• For more information about the publication, refer to below link: • https://www.kenresearch.com/consumer-products-and-retail/sportin g-equipments/india-golf-market-outlook-2020/60303-95.html • • Related Reports: • Asia Pacific Athletic Apparel and Footwear Market Outlook to 2019 - Surging Growth with Online Marketplaces • Asia Online Jewellery Market Outlook to 2019 - Driven by Lucrative Discounts and Rising Online Buyers

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