Karnavati Club membership to get dearer

In a big development, officebearers of city’s Karnavati Club have made up our minds to increase its membership fees. While a precise amount has now not but been introduced, the revised price may be Rs 20 lakh to Rs 25 lakh, up from the present Rs 11lakh. If the club decides to hike the fees to RS 25 lakh, it'll be the costliest club within the city. The revised construction shall be implemented from January 1, 2019. Amessage on this regard was sent to all members of the club on Thursday.

The club is believed to be focused on income of about Rs 100 crore through giving out 1,000 memberships. When asked in regards to the development, club’s president Jayesh Modi stated, “We have deposits of Rs 200 crore and 11,238 members at the present. We don’t want more members and budget as we have now enough of both. But prior to closing the new memberships, we need to give a chance to members to buy membership at current charge prior to December 31.

The new charges shall be appropriate from January 1. We are pondering of accelerating atypical membership fees to Rs 20 to 25 from Rs 11 lakh and members’ son-daughter fees to Rs 10 to 12 lakh from Rs 6 lakh at the present.” According to resources, the club plans to sell 250 atypical memberships and 750 within the class of member- son-daughter prior to the closing date.

They expect to collect Rs 80 to 100 crore from this. When asked if the decision was taken to soothe members who are not proud of the services and products of the club at the present, Modi clarified, “Members are more than happy with us. The choice to increase the fees was long pending and had been dispose of a number of instances. But now we are firm on doing it.”

Set to be most costly?

If Karnavati Club decides to increase its fees to Rs. 25 lakh, that shall be very best price for golf equipment within the city. Rajpath Club currently fees Rs 20 lakh for atypical membership. Asked if they too have been taking into account price revision, senior vice-president of Rajpath Club Dr Vikram Shah stated, “Yes, we also are interested in expanding the cost. However, there are few chances of increase in price of atypical membership. We will undoubtedly increase the cost for son-daughter class any time.”
Karnavati Club membership to get dearer Karnavati Club membership to get dearer Reviewed by kailash soni on December 07, 2018 Rating: 5
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