my4moles

A very interesting point was raised at the INDIA GOLF FORUM yesterday. Golfers or people looking at purchasing property around / inside the golf course, obviously by paying a premium price should note the following carefully. An average 18 hole golf course costs Rs. 3-4 crores / annum to maintain (excluding the club facilities etc) .... You need to clearly check how are the new buyers being safe guarded if incase the builder leaves the entire project after selling all the real estate. Who and how will the golf course be maintained?... In Projects like the Tarudhan Valley, the project has a corpus of Rs.10 - 15 crore which in control of the Resident Association and the Builder, plus it is invested in such a way that the maintanance of the course is kept at HIGH quality.