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Golf Development in India – Is It Ready to Happen
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• Royal Calcutta is thought to be the first club established outside the British Isles back in 1829 (St. Andrew’s not even opened yet!)
• Approximately 180 recognized golf clubs across the country
• Estimated 100,000 members registered at these golf clubs
• Difficult to estimate total number of golfers because many of India’s golfers are not members
• In reality it is quite difficult and expensive to become a member at the top rated clubs in the country
• Growth levels were generally agreed to have been very slow in comparison to other countries from the ’50s – 90’s
Golf In India at a Glance
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Major Indicators Golf is Arriving in India
• Set to have 30 events nationally in 2008 (including co-sanctions)
• First time hosts to Asia’s #1 Professional Golf Event – Johnnie Walker Classic at DLF
• Sanctioning 2 events this year – EMAAR-MGF Indian Masters & Johnnie Walker Classic
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Major Indicators Golf is Arriving in India
• DLF G.C. – Arnold Palmer & Gary Player• Jaypee Greens – Greg Norman• Classic Resort – Jack Nicklaus• Gold Resort – Vijay Singh• Under Planning & Construction
• (3) Jeev Milkha Singh (81) MASTERS 2008
• (5) Jyoti Randhawa (95) • (17) Gaurav Ghei (232) • (22) Shiv Kapur (277)
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• Opening up the extensive network of Army golf courses to the public
• Golf is now being seen as a potential career choice for Indians and discussion has occurred about including it at the college level
• Regions now considering options on municipal/public style courses
• State governments are realizing the value of golf tourism and in some cases encouraging it. (Goa, Rajasthan, Orissa, Uttar Pradesh)
• Outside of major centres and high end resorts, green fees often range only from US$1 – $4 (for Indian nationals)
• Major developers current cash circumstances (Indian stock exchange) and land banks
• The NRI factor
Positive Indicators That Could Influence Golf to Grow in India
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• Few if any state governments take policy decisions to zone or allot specific lands for golf so land bank requirements remain an issue.
• Elitist perception of the game prohibit the private sector from gaining approvals for golf developments even if lands can be accumulated.
• Any of the significant golfing populations are tightly restricted to the major metro areas
• Remittance of foreign currency to international consultants (designers / constructors / suppliers/ management groups)
• Existing examples of residential golf developments lack quality and export readiness
• Traditional “red tape” factor – is it changing?
Existing Challenges that Prohibit Golf’s Growth in India
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Anecdotal Indicators
• Requests for services and presence of competitors.
• Change in focus and philosophy of leading property developers.
• IMG Academies development and students.
• Accommodation linked recreational interests growing.
• Foreign investment by Indian companies in major global companies with development interests.
• Renewed interest by institutional investors in Indian mixed use property market (residential/city communities).
• Volume of IMG Deals (Design / Management / Player Representation / Corporate Sponsorship / Events).
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