Get­ting a pre­mium via sports

RENT AND CAP­I­TAL RATES

HT Estates - - FRONT PAGE -

What are sports cities? Sports cities help cre­ate vi­brant com­mu­ni­ties which fo­cus on build­ing healthy life­styles where res­i­dents sim­ply have to walk to play in dif­fer­ent sports acad­e­mies and even watch a match in a sta­dium Does a need ex­ist? Fo­cus­ing on sports cities en­ables de­vel­op­ers to cre­ate dif­fer­en­ti­a­tion in the mar­ket which of late has not seen much ac­tiv­ity. The govern­ment is also able to cre­ate sports in­fra­struc­ture through pri­vate ini­tia­tives Is it a suc­cess­ful model? The suc­cess of smart cities de­pends on timely ex­e­cu­tion and de­liv­ery like any other res­i­den­tial pro­ject and on how ef­fec­tively the sports fa­cil­i­ties are utilised by the res­i­dents. If res­i­dents fail to utilise the sports in­fra­struc­ture and the area does not de­velop into a tourist desti­na­tion, the pro­ject is likely to fail Noida vs Gur­gaon: Noida of­fers spe­cial in­cen­tives to de­vel­op­ers to con­struct sports cities but in Gur­gaon de­vel­op­ers are of­fer­ing th­ese acil­i­ties as part of rou­tine high-rise and villa de­vel­op­ments . Things to keep in mind: Buy­ers want­ing to in­vest in such projects should should look at the qual­ity of in­fra­struc­ture promised and con­sider the track record of the de­vel­oper. De­liv­ery is a big chal­lenge even for such projects

10,000-11,000

6,000-8,000

9,000-11,000

11,000-13,000

14,000-22,000

13,000-21,000

10,000-12,000

6,000-8,000

7,000-9,000

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