By Accommodation Times News Service
Formula one racing is huge craze worldwide and most widely watched sport in the world. It is also of highest watched sport in India. With the increasing popularity MSRDC expert feels that it is untapped market they should develop world class Car Racing track in Mumbai Metro Metropolitan Region (MMR). It would be a good resource to transform Mumbai into major tourist/sport destination. It will also further enhance the global image of Mumbai.
The racing track will benefit in terms of marketing future for racing in India, some good revenue from advertisements, exposure to many brands and importantly encouragement tourism industry. The high-tech racing track will be definitely cost a huge sum to government which estimates to Rs 8, 96, 22,469.00crore.
The draft feasibility report has been submitted by the development agency which is in progress and soon one can hope for our very own racing track.