Assessment of Golf Course and Ground Site

8/7/2019 Assessment of Golf Course and Ground Site

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ASSESSMENT OF GOLF

COURSE AND GROUND SITE

10 UP 01 BHAVANA RAVAL


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GOLF IN INDIA

Golf, a game played on a large open course with 9 or 18 holes; the object is use as fewstrokes as possible in playing all the holes.

The Royal Calcutta GolfClub, established in 1829, is the oldest golfclub in India and thefirst outside Great Britain. The highest, at Gulmarg (altitude 2,700 meters) in Kashmir.

According to the IndianGolfUnion, there are currently 195 golfcourses andapproximately 100,000 golfclub members in the country. Out ofthe existing facilitiesmore than halfbelong to the Indian Army. Over 50% ofthe golfcourses are 18-holecourses, 40-45% are 9-hole facilities, while there are just a few courses in India havingmore than 18 holes.

golfcourses follow the originallandscape, some modification is unavoidable. Bunkersand sand traps are almost always artificial, although other hazards may be natural.

Environmental concerns over the use ofland for golfcourses have grownover the pastfifty years. Specific issues include the amount ofwater and chemical pesticides and

fertilizers used for maintenance, as well as the destructionofwetlands and otherenvironmentally important areas during construction.


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FEASIBILITY REPORT FOR THE PROJECT

Before the initiationofa golfproject, prior understanding ofthe potentialfinancial and commercialviability ofthe proposed facility ensures anopportunity for greater success.

What is the population within a 20-mile radius ofthe proposed site?

How many other public and private courses / golffacilities are in the vicinity?What is the projected volume ofplay and fees?

What are the projected operating expenses?

Have any courses in the area failed?Why? Are employment levels and per capita income at suitable levels?

While the study parameters willbe slightly different for each type ofgolffacility, the key elements addressed

in a feasibility study include the following:What is the cost?

Is the project practicalor impractical?Will it be profitable (short term as well as long term consideration) ?

Will it be sustainable?

What is the market?

What are the advantages and disadvantages ofthe project?

What will the impact be?

What willbe the effect on the environment?

What legal considerations exist?

What are the personnel, training and skill consideration?


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CONTENTS OF FESIBILITY REPORT

Introduction-Explain the perspective ofproject

Executive Summary-contains informationon site factors

Project Overview-About the project, its location

Market Area & OpportunityOverview-Defining market, economic factor

GolfMarket Competitive Analysis-Competitive assessment review

FinancialOverview-Cash flow statement,fixed expenses

Recommendations-summarizing all the feasibility report


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HOWMUCH LAND IS REQUIRED TO BUILD A

GOLF COURSE?

4-7 acres Driving Range (Practice Area) requires (50-100m)WidthX (200-300m) Length

8 12 acres: Driving range with 3 playing holes. 15-30 acres 6 or 9 Hole Par 3 Executive GolfCourse with Driving

Range 30 50 acres A standard 9 Hole GolfCourse with Driving Range 50 75 acres An international standard 9 Hole Championship

GolfCourse and Driving Range 75 acres and above severalformats of18 Hole GolfCourse

formats with Driving Range 120 acres and above - An international standard 18 Hole

Championship GolfCourse and Driving Range


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GOLF REVENUE

The vast majority ofthe golfcourses operate on a membership onlybasis. Private golfcourses generally allow only club members and theirguests to play. Members generally pay monthly subscriptions while theirguests can play on a greenfee basis. However, in several golfclubsforeigners are allowed to play for a greenfee even ifthey are notaccompanied by a member. Furthermore, the approximately 7,500lifetime members ofthe IndianGolfUnion are allowed to play on all thegolfcourses by paying stipulated greenfees

Golfcourse revenues comprise the following main components:membership fees, greenfees, revenue from food and beverage, pro-shop,and others (e.g. sponsorship,lease income, etc).

In terms ofrevenue structure, two-thirds ofthe total revenues aregenerated by membership fees, with around 17% coming from greenfees.Food and beverage revenues account for about 6% ofthe total revenues.


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HOWMUCH DOES IT COST TO BUILD GOLF

COURSE IN INDIA

The type ofsoil, how much soil must be moved, the method ofconstructing the greens, any major drainage required, the type ofirrigation system, costs involved in meeting regulatoryrequirements, who does the construction and other factors allinfluence the total cost ofconstructing a GolfCourse.

A standard GolfCourse canbe built inbetween Rs. 10-20 lacs peracre, it does not include any civilbuilding works. An internationalstandard championship Course would be around Rs. 30 50 lacsper Acre this cost includes the constructionofclub house and fullplaying facility.


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CONTENTS OF FEASIBILITY REPORT

Introduction Explains the prospective project, About the developers andwhat culture they bring towards the project.

Executive Summary It contains infoon Site Factors, Demographics,Market Competition, Play Potential, Financial Summary and a Conclusion.

Project Overview - About the proposed project, its location, conceptualplan.

Market Area & Opportunity Overview Defining the Market,Demographic Overview, Key Economic Factors, Climate,GolfMarketSupply and Demand Indicators.

GolfMarket Competitive Analysis - Competitive Assessment Review,Competitors Market Position.

FinancialOverview - Proposed Fee Schedule, Cash Flow Statement, FixedExpenses.

Recommendations - Summarizing allofthe previous feasibility studysteps, the recommendations and findings can shape the outcome ofaproject proposal and suggest ways to make the project better.


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KENSVILLE GOLF COURSE

The 18-hole championship

golfcourse at Kensville Golf&

community, have more than

800 part ofa residentialvillas.

The total area, golfcourse and

real estate combined, is a 600 acres.

Besides the clubhouse,

have 60 luxury apartments and a spa,

Kensville have two convention centres

and an Ayurvedic centre.

Location: Ahmedabad,near Nal Sarovar Lake; 52 km from Ahmedabad Airport.

Total Area: 600 acres approx. (golfcourse: 130 acres)

Number OfResidences: Over 800 plots,ofwhich 200+ are premium villas facing thegolfcourse.

Cost: Plots starting at Rs 4,500 per sq. metre; premium villas Rs 1.5 crore (approx.)


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MEMBERSHIP

TENURE TYPE MEMBERSHIP

CHARGES

SERVICE

TAX 10.3%

TOTAL

AMOUNT IN

RS.

5 YEAR PLATINUM PLUS RS. 200000 RS.20600 RS.220600

5 YEAR PLATINUM RS. 100000 RS.10300 RS.110300

3 YEAR GOLD RS. 50000 RS. 5150 RS.55150

1 YEAR SILVER RS. 25000 RS.2575 RS.27575

6 MONTHS BRONZE RS. 15000 RS.1545 RS.16545

1MONTHS STANDARD RS. 3000 RS.309 RS.3309


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REVENUE GENERATION FORM

MEMBERSHIP

Benefitsfor platinum plus

Free usage ofthe KGA driving range with access tounlimited balls for the entiredurationofthe membership

Discounted coaching packages and rebates on all KGA programs and F&B services

All Privileges ofa Kensville Golf& Country club Member for a durationof2 years

100% rebate ifapplicant purchases a property at Kensville withinfirst 2 years

Benefitsfor platinum

Free usage ofthe KGA driving range with access tounlimited balls for the entiredurationofthe membership

Discounted coaching packages and rebates on all KGA programs and F&B services

36 rounds ofGolffree at KGCC worth Rs 25000

6 room nights free at the beautiful club Kensville worth Rs. 27000 anytime during thetenure ofthe membership subject to availability


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REVENUE GENERATION FORM

MEMBERSHIP

Benefitsfor gold

Free usage ofthe KGA driving range with access tounlimited balls for theentire durationofthe membership

Discounted coaching packages and rebates on all KGA programs and F&Bservices

24 rounds ofGolffree at KGCC worth Rs .16000

4 room nights free at the beautiful club Kensville worth Rs. 18000 anytimeduring the tenure ofthe membership subject to availability

Benefits for silver

Free usage of the KGA driving range with access to unlimited balls for the

entire duration of themembership

Discounted coaching packages and rebates on all KGA programs and F&B

services

12 rounds of Golf free at KGCC worth Rs 9000


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DESIGN STANDARDS

Greens and tees should be located in areas wherethe maximum high water table or bedrock isgreater thanfour feet below the surface. Field

determinationofhigh bedrock and/or groundwater should be conducted with respect to thefinal grading ofthose locations.

Under drain systems for greens and tees must also

maintainfour feet ofsoil separationbetween thesubsurface leaching system and high bedrockand/or ground water. Field verification is required.

Assessment of Golf Course and Ground Site

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