F1 Racing Track - Greater Noida - UPDATES

India will host its first Formula 1 Grand Prix on October 30, 2011. The announcement came following an extraordinary meeting of the World Motor Sport Council in Paris on Wednesday. The addition of an Indian GP to the F1 calendar will make 2011 a 20-race season, the longest in the history of the sport.

According to FIA deadlines, the track needs to be completed by July 30 and it will get a go-ahead subject to FIA homologation.

The 5.14-km track, located on the outskirts of Greater Noida (35km from Delhi) is being built by Noida-based Jaypee Sports International (JPSI) and is designed by German racetrack designer Hermann Tilke, who has designed F1 circuits in Malaysia, Bahrain, China, Turkey, UAE and South Korea.
Attachments:
Read more
Reply
884 Replies
Sort by :Filter by :
  • JPSI Sports plans to bring MotoGp, Superbike series to India


    New Delhi, Aug 24:
    After Formula One, JPSI Sports plans to bring global motorcycling championships MotoGp and SuperBike to India as it looks to break even in the next 3-4 years.


    A part of the diversified Jaypee Group, the company has put in $400 million to set up the track at Greater Noida and to get the F1 licence. The Buddh International Circuit will host the inaugural Airtel Indian Grand Prix race on October 30.


    “In 2012, we should aim for at least two to three international events at our track. At present, we are at initial stages of talks with both MotoGp and SuperBike championships (for an Indian leg),” the JPSI Sports Managing Director and CEO, Mr Sameer Gaur, told reporters here today.
    MotoGP and SuperBike are different premier motorcycling championships in the world, with races held at different circuits across various parts of the globe.


    Mr Gaur, however, said the priority at the moment is to host the first F1 race in India successfully.


    “Our focus is on the F1 race in October and then we will gradually work on ensuring that the race track is occupied in order to recover our investments,” he added.


    He said 30 per cent of the $400-million investment was equity and the rest debt. The firm is expecting a ticket revenue of around Rs 75 crore from this year’s F1 race at the track and over 10,000 tickets have already been sold in the last five to six days.


    “Besides, we are also talking to Puma to be the official merchandise partner of our track. We expect to finalise a deal soon,” Mr Gaur said.


    For this year, the deal is aimed more at popularising the track, rather than considering it as a revenue stream, he said, adding that the tie-up would allow Puma to sell the track’s merchandise at various retail outlets.


    JPSI Sports today announced a tie-up with Mercedes Benz India, which will provide safety cars for the F1 race. The two companies will also start a performance driving academy in 2012.

    - Business Line
    CommentQuote
  • Mercedes to set up driving academy in India


    New Delhi: Mercedes-Benz along with Indian Formula One Grand Prix organisers, Jaypee Sports International (JPSI), will set up a driving academy at the Buddh International Circuit (BIC) in Greater Noida next year.

    It will be the fourth academy by the auto giant after United States, Germany and China.

    The initiative is another step to promote motorsports in India besides the F1 race from Oct 28-30 at the 5.14 km circuit in Greater Noida.

    Peter Honegg, managing director and CEO of Mercedes-Benz India, said the academy will be launched in January and they along with JPSI will come up with a concrete plan on the facility after the inaugural F1 race in October.

    "We want to start the academy in January and by November we will be ready with the details on the project," Honegg told reporters here Wednesday.

    "Our brand is seen as a luxury brand in India and we want to change that perception quickly. Mercedes has been closely associated with motorsports globally."

    Honegg revealed that the academy will have two programmes to start with. The 'emotional and basic programme' will focus on how to drive a sports car and the drivers will get a certificate after successfully completing the course.

    He added that the advanced level of the programme will be meant for those who want to pursue a career in motorsports. They will hone their skills under former international drivers and will be sent to training in Germany.

    JPSI managing director Sameer Gaur said the academy is one of the things they are planning post the high-profile event.

    "We are happy to partner Mercedes in this initiative and we will also look to keep the track busy by hosting two or three major international races every year. But right now the focus remains on the Indian GP," said Gaur.

    Mercedes and JPSI have also entered an agreement in which Mercedes will be the sole provider of the safety cars for all events at the BIC including the Indian Grand Prix.

    Mercedes is the engine supplier of three teams in the current F1 season including their own Mercedes GP Petronas outfit. The other two are McLaren Mercedes and Force India.


    - NDtv
    CommentQuote
  • MM wanted a Game Changer for Greater noida...HERE IT IS...BANG ON...
    CommentQuote
  • Originally Posted by aam aadmi
    MM wanted a Game Changer for Greater noida...HERE IT IS...BANG ON...


    Certainly and F1 Racing, considered the second most popular sport in the world after soccer, and certainly the fastest.

    As the track gets ready, enthusiasts like Gautam Singhania, chairman & managing director of Raymond Group, Singhania has driven a Formula 1 car in France, a Ferrari 360 Modena in a road and track rally across Europe, and a Lamborghini Gallardo in Europe's CannonBall Run. He has also formed the first super car club in India.

    Beside "Welcome Back" :bab (68): I admired your all previous post when i was guest and new as well ...
    CommentQuote
  • If at all Gnoida authority has some sense in their minds...they will form a Team...and use PR skills to meet with these Big wigs...and invite them to set up business in city / region...and offer them incentives...

    This is how a city changes....through presence of enterpreneurs as in Industries and Corporate offices...Not occasional few hours visits to see a race.

    Do you know...WIPRO Azeem premji was personally invited by Mulayam Govt. in 2004-05 and he was shown around the city....and offered good incentives...He decided to set up a Wipro Office in city within a few days...Hence the WIPRO SEZ in Gnoida you see today.

    Top Notch people will visit this arena...Govt and authority should be pro active to showcase the city to them and invite them to invest in the region.

    But from the way Gnoida authority and its officers have been behaving...it seems that this will not be in their "to do list" at all
    CommentQuote
  • studrawk.. thanks for your updates. I bought two tickets for the race :bab (22):

    Hope it will be a great showcase for India and parties won't play dirty politics to gain political mileage.
    CommentQuote
  • Originally Posted by Mikhail
    studrawk.. thanks for your updates. I bought two tickets for the race :bab (22):

    Hope it will be a great showcase for India and parties won't play dirty politics to gain political mileage.


    ha ha

    Sir, you look full on :bab (22): 28th Oct Metallica

    https://www.indianrealestateforum.com/forum/city-forums/chennai-real-estate/3519-re-business-in-chennai-collapsing?p=127153#post127153

    and Now GP :bab (34):

    Great Dude
    CommentQuote
  • Originally Posted by aam aadmi
    If at all Gnoida authority has some sense in their minds...they will form a Team...and use PR skills to meet with these Big wigs...and invite them to set up business in city / region...and offer them incentives...

    This is how a city changes....through presence of enterpreneurs as in Industries and Corporate offices...Not occasional few hours visits to see a race.

    Do you know...WIPRO Azeem premji was personally invited by Mulayam Govt. in 2004-05 and he was shown around the city....and offered good incentives...He decided to set up a Wipro Office in city within a few days...Hence the WIPRO SEZ in Gnoida you see today.

    Top Notch people will visit this arena...Govt and authority should be pro active to showcase the city to them and invite them to invest in the region.

    But from the way Gnoida authority and its officers have been behaving...it seems that this will not be in their "to do list" at all


    Dear,

    I understand, running politics and different rulers (since a long time) always messed our country and for such kind of false commitments and whole city was the witness of its incline and decline progress.

    GNA/ NA never applied those announcements which were they promised before and this is nothing just another set back for any developing city.

    Over all by these politics i learnt one thing, Later or Sooner city will grow for sure, in fact Buyers would not stop moving towards such cities as there are many other reasons apart of stupid gov. politics and corruption like No new Lands available near Delhi, Population growth, Cars and House buying capacity, from all over India, people are moving/coming here in Delhi/NCR for Jobs and education etc. So as per my idea Next Generation will be more demanding and enthusiastic for the high-tech future.

    As you know under the new policy, undoubtedly, authorities will have to face an extra burden, as developing authorities will be forced to hike the existing rate. It is believed that the district administration is also planning to revise the circle rates (as a projected 25-30% hike in existing rates). Such a projected property hike will make both Gurgaon and Faridabad comparatively cheaper to live in. However, in terms of infrastructure, Noida-Greater Noida will always be the best but Buyers should always understand and accept the current and Ground reality with no Night-Angel dreams about greater noida.


    I think UP has been definitely trying to compete in the last couple of years by bringing in development schemes through integrated townships and high-tech cities. But UP’s urban development policies should be more favourable to the developers. They should be more stable and well defined in other Cities like Moradabad, Lucknow, Meerut, Kanpur, Varanasi, Allahabad, etc, which they are not focusing at all, they also have good potential for real estate development. but Gov. see the profit margin by using dirty politics.

    This is a crap POLITIC but i think it is interesting and right time to INVEST in Right Property in NCR (Specially Noida/Greater Noida).

    As per GP - i think International Agenda is involved in this matter so all things should be moving nice, Its not only the responsibility by GNA but Prestige(Host) of whole nation now after all we are talking about International Games and whole eyes will be on Us.

    We still can not forget poor hosting of " Common wealth games " and Whole Ghotala in that is still finding the solution.

    I wish things would be fine. We can hope "NOT TO BECOME A JOKE IN THE FRONT OF OTHER NATIONS"
    CommentQuote
  • India's Formula-1 track promoters sure of breaking even

    New Delhi, Aug 24 (IANS) The promoters of India's only Formula-1 race facility, set to host the first-ever Indian Grand Prix in October at their tracks in Noida, are confident of breaking even on their investment in three to four years.

    'We are confident in the business,' Jaypee Sports International (JPSI) chief executive Sameer Gaur said Wednesday. 'We will reach break-even within three to four years time. Our plans and programmes are on track and progressing as expected.'

    JPSI, promoted by Jaypee Group, maintains that it has sold 10,000 tickets ranging from Rs.2,300 to Rs.35,000 since sales began Saturday. 'There has been a lot of excitement in the country for the race,' Gaur said. He expects nearly 10,000 foreign visitors.

    Gaur said the company was in talks with firms for partnerships like merchandising or sponsorship for other races. 'We are talking to Puma for a merchandising deal. We will be shortly making the announcement on that front. We are also in touch with JK Tyres for other races in the year,' Gaur said.

    The company Wednesday tied up with luxury car manufacturer Mercedes-Benz, which has now been appointed as the official auto partner to the Buddh International Circuit. Other major companies such as Airtel and DHL have also become part of the historic event.

    'There is huge interest from companies in many sectors to be part of the race and thereafter for other events at the track,' Gaur said. He added that the company was also considering throwing the track open to the public on Saturdays or Sundays after the F-1 event.

    -MSN
    CommentQuote
  • We aim to break even by 2014
    -Sameer Gaur

    Posted: Wed, Aug 24 2011. 11:07 PM IST

    You will be paying a licence fee to FIA, which I presume will be huge. With the kind of investment you have put in, is break-even a concern for you?


    We have been talking to them (FIA). If we are holding an event we will have to pay licence fee to them. These are big businesses in which it takes time for profits. We have put in $400 million so far; 30% is equity and 70% debt. We aim to break even by 2014.

    Does F1 in India make economic sense? The Australian Grand Prix has raised some serious questions on the economic aspect of hosting F1 races.

    I think what is most important for us to understand at this point of time is that India does not have, apart from cricket and IPL (Indian Premier League, a short-format cricket league), an event to look up to. So hosting a Formula 1 will give people an opportunity to explore other things. So yes, opportunities are there. Apart from F1, we are looking to hold other racing events. When we talk about the track, it will not be available for just F1. The track will be available to us for 300 days and we can definitely do a lot more. But there are a host of other things such as sponsorships and other things where one can negotiate better. In 2012 alone, we will be hosting two-three international racing events. The MotoGP and Superbike (World) Championship have shown interest, but the first priority for now is F1. We are in initial stages of talks with MotoGP and we aim to hold this in 2012. So, a model is being designed.

    How will this track be different from other tracks?

    The first difference is that it is in India. In the Buddh International Circuit, we have built four corners with 18-20m width where four-five cars can run abreast and overtake each other. It is a very fast track with average speed of 240km/hr, with the maximum going up to 320km/hr. Apart from that, it is the only track in the world where three corners have been built with FIA’s new guidelines.

    How big an impact will this Grand Prix have on motor sports across the country?


    I think huge. Till now there was no infrastructure like this in India and anything starts when an infrastructure is made and when big groups and companies get into these things. I think a lot of opportunities can come up in the next one-two years. The outcome can be huge.

    Do you intend to take the merchandising route to boost revenue?

    We are talking with Puma for the official merchandise partner. We should finalize the deal shortly. But selling merchandise is not our focus. It will have to do more with making (the) circuit more popular. Only once the circuit is popular then we will look at selling merchandise in and around the circuit.

    What kind of response are you getting from the foreign audience?

    A lot of people have been enquiring about tickets and I think around 10,000 tourists are supposed to come to India for this event. Around 6,000 hotel rooms have been booked across the city for the event. We have sold over 10,000 tickets so far. We expect a full house and a ticket revenue of around Rs. 75 crore.

    How will locals benefit?


    It all depends on the investment scenario in a particular region. The investment scenario in Gurgaon really picked up after Maruti went there and then entire Gurgaon changed. I think investment opportunities in that region is picking up to some extent.

    We are making the Yamuna expressway, which is the 165km-long road connecting Noida to Agra. That is going to open an entire spectrum of traffic and the track is adjacent to that, and I definitely feel that other businesses are going to open up.

    - Livemint
    CommentQuote
  • Farmers to buy tickets and disrupt F1 race


    GREATER NOIDA: A couple of days after sponsors of the Formula One race announced that tickets would soon be put up for sale, agitating farmers along the Yamuna expressway have yet again threatened to disrupt the event if their demands are not met by the Authority. Farmers have indicated that they will purchase the F1 racing tickets to get access to the stadium and will hold Kabaddi and wrestling matches inside it.

    Speaking to TOI, Dehat Morcha secretary general Dr Rupesh Verma said that this was decided between farmers of 30 villages along the Yamuna Expressway during a panchayat held along with and other farmers' organizations. In the panchayat, it was decided by the farmers that they will now start getting teams ready to contest in kabaddi and wrestling matches inside the stadium before the F1 race begins.

    Verma said the reason behind the idea is that playgrounds and land were "snatched" from farmers in the name of land acquisition and now the younger generation has no space for organizing such events. "Earlier, events like kabaddi, wrestling, kho-kho, etc, were the main sources of entertainment and fitness of villagers. But now the younger generation has no space to continue the legacy as their land has been acquired by the Authority and sold to builders in the name of public utility projects," Verma added.

    The farmers in the panchayat also chalked out a comprehensive plan as to how they would disturb the F1 race that is to be held in October in the stadium in Dankaur area. "We will purchase the tickets and disrupt the race if our demands are not met before the event," said farmer leader Manjeet Pradhan. "Why should we have a clash with security forces when we can enter the venue easily and play spoilsport," he added.

    The farmers have borrowed this idea from farmers of Gautam Budh Nagar and Jat community bodies who had planned to buy tickets for the Commonwealth Games held in Delhi last year. The farmers had been agitating for reservation under the OBC category and had warned that they would disrupt the Games at different venues.

    This is not the first time that farmers have threatened to hamper the race or damage the track. On May 6, a day before the clash between security forces and farmers in Bhatta-Parsaul, agitating farmers had turned violent and held hostage employees of Uttar Pradesh State Road Transport Corporation. The farmers had threatened to dig up the racing track after setting the UPSRTC bus on fire.

    In January 2010, relocation of cremation ground, which was in use by three local villages - Atta Gujraan, Gunapura and Mirjapur in Greater Noida - had slowed down the pace of construction of the F1 track.


    -TOI
    CommentQuote
  • Greater Noida Farmers Rise In Protest Against Formula One Track

    With the farmers of Greater Noida gearing up for protests, it seems like the much-awaited Formula One race will be affected. The event is scheduled to be held on October 30.

    Meanwhile, Greater Noida farmers are holding meetings to discuss strategies intended to obstruct the event. Several organisations have also decided to stage protests and hold cricket tournaments before the much-awaited event.

    The Zila Kisan Mahasangh has organised a meeting between 25 villages in Jaganpur, Greater Noida, on August 28 to chart their further course of action. During the meeting, the villagers are expected to decide whether to hold demonstrations to mark their protest or obstruct work at the Formula One racing arena.

    "We have told the government that the compensation provided was not enough, and the government should provide us with employment. We just want 40 per cent of our land back in a developed state," said Sardaram Verma, leader of the Mahasangh.

    Another leader, Rupesh, said that various organisations such as the Anti-Hi-tech City Sangh have joined the movement. "The government's strategy of laying the F1 track on our land without offering anything to us is unacceptable," said Rupesh.

    The Kisan Sabha, another organisation protesting land acquisition by the Yamuna Expressway Authority, has decided to hold an inter-state cricket tournament on the F1 track just a week before the race.

    "We are yet to finalise the date, but our preparations are complete. The teams have been invited. Our children do not have parks to play. The youth of our villages are unable to use the Formula One track and its surroundings. If we don't get our due share in the urbanisation process, the crime graph will rise.

    Only the government can be blamed for that. Promising sportsmen from our villages are finding no place on the F1 track," complained Kisan Sabha president Nathi Ram Sharma.
    CommentQuote
  • This nation can never progress with this attitude...its a complete mess

    Had farmers staged dharna and filed court cases when this project was launched 3-4 years back...it would have been perfectly fine

    But all this drama...its pure blackmail...

    The crime rise will rise to Much high levels in these regions because of locals...as they seem to have as they seem to have an attitude of not working and simply making money through such means...which will not last forever...

    and if this is the attitude of farmers / locals in Noida region then its definately going to effect the safety, security and gantry standards in the region...and that can be a big let down for end users

    I will keep on checking the standards of Gantry in region before i want to live in the region...If not happy...i will sell and move on..
    CommentQuote
  • I strongly oppose the farmers protest in F1 Race. They should keep it run smoothly because it is our Nation's pride and for us its NCR Value addition. There are several way to protest then why every time only Yamuna Expressway / F1 Race development work, both of these development are directly related to Country / NCR Growth and farmers should realize it. One negative news every day for F1 Race is really not good for anyone even for Farmers. :bab (45):
    CommentQuote
  • Indian GP aims for cheap tickets and tight security - Mark Hughes


    There will be a reasonably affordable general admission and there will probably be about 25,000 general tickets. I'd like to think that we can make it affordable in the same way that Malaysia did - Malaysia have a very good, affordable entry ticket price."

    Hughes added that high security measures will also be taken for the first F1 event in the country. "We will have things like built-in underground scanners, so when a car drives in every vehicle will get scanned," he continued. "At the same time, we will look at how we integrate that with the CCTV systems.


    "We will have a reasonably sophisticated ticketing system that will be very difficult to forge. There will be a turnstile system at every entrance, every ticket will be electronic. Security will be ramped up, it has to be." - Mark Hughes


    - gpupdate
    CommentQuote