The market research report titled "India Golf Industry Outlook to 2020 - Growth in Golf Based Real Estate Projects and Golfers Population to Aid Market Growth" provides a comprehensive analysis of Golf Industry in India. The report initially showcases the valuation of Golf economy in India through direct and indirect measures, with detail valuation of every cluster associated with Golf Industry. The report provides detail insights on every cluster related to Golf Industry such as Golf Course Construction, Golf Course Residential Real Estate Projects, Golf Course Related Equipments, Golf Course Maintenance Equipments, Golf Tourism and Golf Tournaments and Endorsements.

1. India Golf Industry Outlook to 2020 – Growth in Golf Based
Real Estate Projects and Golfers Population to Aid Market
Growth: Ken Research

2. How Much Is The Valuation Of Golf Economy In India?
• Golf is witnessed to have multifold positive effects on economy by pushing
the growth frontiers of core and enabled industries. Core industries are
comprised with Golf course capital investment, golf facility operations, golf
tournaments and endorsements and golf related supplies and equipment.
Enabled industries include golf tourism and golf based real estate
developments in India.
• In the last few years, many autonomous and government bodies such as
Indian Golf Industry Association (IGIA), Golf Course Superintendents and
Managers Association of India and India Golf Tourism Association (IGTA) in
alliance with Ministry of Tourism have spent considerable time and efforts
to promote golf among the masses.

3. • Malaysia is rapidly emerging as South-East Asia's latest
golfing haven. The country has currently ~ golf courses with
a total registered golf members reported at ~.
• There are around ~ golf courses in Thailand which have
registered ~ golf members during 2015.Destination
diversity and the vast choice of golf courses located
throughout the country are key factors attracting the large
numbers of visitors coming to play golf in Thailand
• Most of the golf courses in Korea are far from the city and
are quite expensive which has kept the golf members to the
level of ~ during 2015. Currently, with ~ golf courses,
around ~ golf courses are in a state of impaired capital and
~ golf courses are under control of the courts

4. What Is The Outlook Of Golf Based Residential Developments
In India?
• The trend of golf based real estate projects was initiated way back around
2000 by few of the prominent real estate developers namely Jaypee,
Sahara and DLF. Due to the overwhelming success of real estate projects,
now almost ~% of the newly developed golf courses are constructed as a
part of residential communities.
• In 2015, there were a total of ~ real estate golf based projects across India.
These golf courses were a part of premium townships which was
developed by few prominent real estate developers.
• Nowadays, there has been a growing tendency among real estate
developers to construct mini golf courses/driving range instead of 9/18-
hole golf courses in their real estate projects. This implies that golf is no
more restricted to integrated townships but is also becoming a part of
small townships.
• Elite class population is regarded as the proximate target group for golf
based real estate properties, since they always have a higher tendency for
luxury apartments with massive green space. These projects have almost
~% of the area open with green space. Nowadays, almost around ~% of
the newly developed golf course have been an integral part of resort
oriented real estate projects or residential communities.

5. • The highest premium in a residential township is added by
waterfront, after which golf course comes at the second position.
Golf course not only add premium to the property because of its
facility but also due to the beautiful landscape which the golf
course offers. However, the premium been added to the golf course
also depends upon the golf architect who has actually designed the
golf course. This has led to an average of ~% premium which is
added to the real estate properties after developing golf course in
the vicinity of the project.
• The golf based real estate project have been evaluated to generate
revenues worth INR ~ crore during 2015 (without considering super
premium projects into consideration being as an outlier) , out of
which INR ~ crore have been generated from the premium added to
the sector.

6. Premium In Golf Based Real Estate Properties In Major
Tier 1 Cities
• Golf-based real estate offerings in Bangaluru mostly constitute of villas.
Prestige Golfshire hosts one of the prominent landscapes of villas
surrounding the perimeter of the course that is laid on a huge 275 acres of
land. Eagleburg Green Villas and Prestige Augusta are the other two major
golf based projects in the city.
•
• Pune golf projects are mainly into selling apartments, although the two
new ongoing projects have villas for sale too. Golf-based apartments have
shown an average of ~% higher return compared to other projects.
Traditionally, Ahmedabad has been a market for golf villas, but the
oversupply of real estate units has constrained the investment potential
on golf based projects in Ahmedabad.
• Noida based golf real estate projects have been on the rise. The region is
projected to have at least 5 new golf-centric projects each occupying an
area of not less than 100 acres. However, all the planned courses will have
9 holes to start with. The Jaypee Greens’ Greater Noida project is already a
success.

7. Future Potential Of Golf Based Residential Projects
• Real Estate golf properties continue to be popular, but they are changing
to smaller 9 holes or par 3 courses. This will help bring children and new
golfers in as it makes the game seem much more accessible. Short courses
will always help with the time constraints and 18 holes round takes.

8. What Is The Existing Scenario For Golf Facility
Operations In India?
• Golf course development in India has seen a rapid spurt over the
last 6 years. Due to the high premiumization associated with golf
centric real estate properties, there has been initiation of numerous
golf projects across the country. There are few prominent golf
courses that have been developed in the past few years which are
at par with international standards. These courses have been
designed by legendary golfers such as Jack Nicklaus and Gary Player
which are favored by inbound golf tourists.
• Southern India has the highest number of civilian golf courses.
Bangalore Golf Club, Karnataka Golf Association, Clover Greens Golf
Course, Eagleton Golf Village, Prestige Golfshire Club and others are
few of the prominent golf clubs in South India.

9. • According to IGU, currently as on August 2016, there are a total of ~
registered golf courses, out of which ~ are civilian golf courses and
the rest are armed golf courses. The majority of the golf courses are
located in proximity to urban centers with most of them located
close to NCR, Bangalore, Hyderabad and Mumbai. In India, playing
golf is still considered as a status symbol among golfers. However,
this image is forecasted to change in the coming years as golf
participation rate will increase among people from mediocre
background. Moreover, the involvement of women’s and junior
golfers is anticipated to mark promising growth in terms of target
population for golf industry.

10. • For more information about the publication, refer to below link:
• https://www.kenresearch.com/consumer-products-and-retail/sporting-
equipments/india-golf-market-outlook-2020/60303-95.html
•
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•
• Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
•

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