ON THE SPEED TRACK
Most investors today have bought properties in the area with the longterm view of cashing in on big profits but eventually as the event becomes an annual affair, it is likely to become an end-user destination. Studios, serviced apartments etc are products that will definitely do well here once an economy develops around the area.
The event is sure to have a positive impact on rental housing, service and studio apartments.
The area will see investment picking up if an economy builds up around the area, adds Kaustav Roy, executive director, India, Cushman & Wakefield.
Kove apartments by Jaypee Greens are perhaps the only apartments located closest to the F1 track, the distance being less than a kilometre. The group is promoting its residential plots in Green Crest homes this time round at R28,400 per sq yard.