Country Club India has planned a Rs 300 crore capex over the next five years. The company will invest Rs 100 crore this fiscal to develop 18 properties, which are likely to be operational by 2013. Investment of Rs 200 crore is envisaged till 2016 for development of properties in India & abroad. Country Club currently has 50 own properties, out of which 36 are directly-owned and 14 by promoter group and 175 franchised establishments and over 4,000 affiliations all over the world through RCI.
"Tier II cities are growing with good spending power where people are looking at quality and ambiance. Moreover, we are expanding phase by phase. After we establish in Tier-II, we may move to Tier-III," Country Club Vice-Chairman and CEO Y Siddharth Reddy said. "We will look at increasing our overseas expansion, especially in the Middle East and the South Asian nations, which are our priority growth drivers," he added.