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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.

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