Wednesday, November 19, 2008

Accommodation Facilities for Atheletes for Sale After Games

2010 commonwealth games accommodationAthlete accommodation to become property investment units

The new apartments build for the purpose of housing the athletes for 2010 Commonwealth Games will become investment opportunities. Over 1,000 new Indian apartments will be ready for the possession of buyers after the Games.

The Games Village is being built by Emaar MGF in Delhi and features 1,168 two to five bedroom units in 34 towers.

They are already being marketed to buyers and will be handed over at the end of the games, with officials already reporting a good response from investors.

Emaar MGF is hoping the towers will become a “landmark address” and will appeal to professionals thanks to their proximity to Delhi’s central business district.

But questions have already been raised about India’s readiness for the event, with BBC News reporting stadium projects have hit delays.

Emaar MGF said: “Apart from catapulting Delhi into the top league as a world class city, the Games Village 2010 will help address the housing demand within the region. “With construction in full swing, the Games Village complex is making rapid progress towards the scheduled deadline of April 2010.”

BBC News also reported Austin Sealey, chairman of the Commonwealth Games Federation, said the country had enough manpower to up the speed of building at key venues.

Shravan Gupta, managing director of Emaar MGF, said the “showcase” Village development would involve the highest design standards.

A low-rise development, the project will be a gated community with a club, swimming pool, library and open landscaping.