In October, 2007, the FIA signed a contract with JPSK Sports Private Limited to organize an F1 race in India. JPSK is owned by Jaiprakash Associates (74%), Sumeer Kalmadi (son of Suresh Kalmadi, IOA president) owned Sulba Realty Private Limited (13%) and Delhi based Trackwork International Pvt Ltd (13%). The 'SK' in JPSK is a reference to Sumeer Kalmadi.
Estimated to cost between 15 billion and 18 billion INR (up to $364 million) to build, the new circuit will be designed by Herman Tilke and expected to be completed by April 2011. It will be 3.147 miles long covering an area of 875 acres (354ha). Seating capacity is expected to be 200,000.
The circuit will be part of the 2500 acres Jaypee Greens Sports City, which is planned to include a 100,000 seat cricket stadium, 18-hole golf course, 25,000 seat hockey stadium and a sports academy. The sports complex is expected to generate $170m of revenue annually, and employ 10,000 people.
It has been reported that the circuit will be the second-fastest on the calendar after Monza and that the design was forwarded to the teams to gather feedback on how the circuit could be altered to improve overtaking. This has resulted in some minor changes as became clear from April 2010. The planned hairpin at turn 7 will be removed, and the track at turn 3 will be widened to allow drivers to take different lines throughout the corner.
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Time Zone : (GMT +5:30) Bombay, Calcutta, Madras, New Delhi
Circuit Length : 3.147 miles / 5.5 km
Turns : 15
Lap Record : TBD
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