Jaypee Sports City coming up along the Yamuna Expressway

jaypee-sports-city

The Jaypee Sports City coming up along the Yamuna Expressway in Gautam Budh Nagar is a case in point. Spread over 2,500 acres, it will boast international standard sports stadiums for all major outdoor and indoor games, including an internationally designed Motor Racing Track (scheduled to host India’s first Formula1 race in 2011), ICC standard cricket stadium that can accommodate one lakh spectators, a golf course and equestrian centre along with hotels, restaurants and recreational facilities spread over an 875 acre sports zone.

Sporty offerings The above development would be divided into multiple districts, the first being the Jaypee Greens Country Homes, a residential plotted development offering customers individual plots of sizes varying from 200 to 4000 sq mts. This has been complemented by the Lake District with high-mid and low-rise apartments. This will be a global sports city.

We’re initially targeting the residential developments as second homes. But in times to come this will be an integrated city once commercial development is in place and people can actually walk to work. We also plan to hold international sports events from time to time to sustain interest,”.

Bengal Shristi Infrastructure Development, a JV company of Asansol Durgapur Development Authority and Shristi Infrastruture Development Corporation, plans to build a sports complex-cum-residential and commercial complex at Haldia in East Midnapore district, 140 km south of Kolkata. To be known as the Arena Haldia International Sports City, it will be built over 6.5 acres at an outlay of Rs 750 crore.

Nirmal Lifestyle, a Mumbaibased firm, has recently tied up with the US Open Management, a globally renowned sports brand, to offer the US Open Apartments. “There would be five buildings of 46 storeys each. Facilities on offer include tennis courts, basketball courts and swimming pool. The apartments are priced at Rs 65 lakh upwards. Buyers are expected to get possession of 370 units by mid- 2013,” reveals Dharmesh Jain, managing director of the company.

Ansal API’s project Megapolis will also sport an 18-hole signature golf course by Nick Faldo, equestrian facilities with a race course and a polo ground and a Mahesh Bhupathi tennis academy. “This is a city in the making and will take five to seven years to be constructed. The residential units, called Fairway apartments, are priced at Rs 1819 per sq ft. These sports add-ons create destinations.

Success rate Realty experts point out that sports cities can do well if they are integrated with the main city or have commercial zones where people can work. “The success of these cities depends on how well integrated these are with the frontline city and how much yearround activity they have. This means that they need to hold regular sports activities to make them sustainable. It is important that the location is right, be developed right and utilised for the purpose for which it’s being set up. Otherwise, people may end up using these properties only as second homes,”.

Concurs Ajit Krishnan, partner, real estate practice, Ernst & Young, “Over time, every area that expects a large amount of urbanisation will always have a theme — golf course, education, research or sports. What theme may work and what may not all depend on the execution of the project.. Some may be built around a sport like cricket but will need to have a local economy around it. They need to be destinations in themselves.

Unless it is a destination based sports city it may not achieve the desired results. If a sports city can pull off a global event in that area, it is definitely an address worth investing in.”

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