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A CIAL company official has revealed that the Kerala golf course would open with nine holes by December this year. He also said that the first phase of the Rs.480 million golf course, being built by the Cochin International Airport Ltd (CIAL), would complete by year end.
CIAL company secretary K. Venkitesweran said, "The golf course would open with nine holes by December this year. Building this would cost Rs.20 crore (Rs.200 million). The first phase would be ready by December and this would match any international golf course.”
He said that the high-tech golf course will have 18 holes. "The golf course, situated on 130 acres, is coming up just next to the fourth largest airport that handles many international passengers in the country."
Venkitesweran said that 800 membership applications, each worth Rs. 10,000, have been sold off till now.
He said, "By next month we expect to do the screening of the applications and allotment of membership would begin. We have an early bird offer where the membership fee has been fixed at Rs.200,000.”
In July this year, CIAL announced a dividend of 10 %, up from 8% announced last year. The paid up capital of CIAL is Rs.300 crore.
