Leisure and infrastructure firm Country Club India has said it will consider the development of a property in Kandy in Sri Lanka, in line with its overseas expansion strategy.
“We are investing Rs.100 crore this FY12 for the development of 18 properties, which will be operational by FY 2013. Once the work is complete, we will plan on further expansions both in the country as well as overseas for which we have earmarked over Rs.200 crore until FY16,” Country Club Vice-Chairman and CEO Y Siddharth Reddy said.
The company has two properties abroad, one in Dubai at a cost of Indian Rs.185 crore and another in Kandy in Sri Lanka.
“We will plan the next phase of expansion. The Country Club has earmarked over Rs.300 crore on expansion activities in next five years and is eyeing one million membership in 10 years. Country Club currently has 250,000 members and it is targeting to touch 1 million membership in 10 years time,” he added.
Country Club (India) Limited is an India-based leisure, infrastructure and vacation ownership company. The Company is an entertainment and leisure conglomerate in India having ownership of 53 properties in India and abroad. The Company offers services, such as health club, multi-cuisine restaurants, business centre, swimming pool and other recreational facilities. It also provides a range of membership products for the customers.
