The Airtel India Grand Prix is only two months away, and the melee for tickets is going to get tighter in the coming days. In fact demand for corporate hospitality boxes is rather high. Jaypee Sports International Ltd (JPSI) has in fact set the price of corporate boxes in the Rs 35 lakh to 1 crore bracket. However, this isn’t acting as a deterrent, and demand for them is high.
JPSI senior vice-president, Askari H Zaidi had this to say. “We have about 55 corporate boxes in the price range between Rs 35 lakh to a crore. The boxes will be on prime location at the circuit – right next to the podium. The demand for those boxes has been high.” “I can confirm that Shah Rukh Khan has bought one of the boxes while Airtel, title sponsors of the GP, have also bought some.”
It is also being speculated that Mukesh Ambani, Chairman of Reliance Industries too has bought a corporate box for the 2011 Airtel Indian Grand Prix. The corporate boxes have varying seating capacities and may host 5, 7, or 10 to 14 people. F1 races ensure that corporate hospitality includes exclusive F1 VIP hospitality venue passes, driver appearances, paddock club hospitality pass, and pit tours. An F1 corporate box seat will set one back by Rs 7 to 10 lakh.
Buddh International Circuit (BIC) entailed building costs of around Rs. 1800 crore and revenues are a key. At the debut 2011 Airtel India Grand Prix about 1, 10,000 tickets are being sold. Keeping in mind demand, capacity is being increased to about 1, 25,000. The media center at the Buddh International Circuit will be of high standards. Developed as per FIA instructions, the media center would host about 480 journalists. The next two days will see the FIA team get on with the homologation process with track inspection being held on Thursday and Friday.