The complex will be spread over an area of 438 acres of land and has been taken up by a Jai Prakash group company, Mussoorie Hotels Ltd, group chairman Jai Prakash Gaur said at a press conference.

The Greater Noida Industrial Development Authority has put in Rs 8.63 crore as equity contribution in the project while ICICI has invested Rs 10 crore. The Jai Prakash group has also taken over the original promoter Sterling group's debt liability of Rs 78 crore towards ICICI.

The 18-golf course is being designed by international golf celebrity Greg Norman. Gaur said the project was being developed under the supervision of eminent international and local professionals including planners, urban designers, architects and landscape experts. Internationally acclaimed architect Ramesh Khosla is supervising the project.

Gaur said that over Rs 175 crore expenditure had been incurred on the project so far which includes the cost of land and development expenditure on nine holes constructed so far. The balance nine holes and the Club House, with facilities for upto 3000 members, being set up at an additional cost of Rs 25 crore, would be completed by March 2001.

The other features in the project are self-contained sports, recreational, and leisure facilities including a health spa with a designated family entertainment area, high quality hotels, restaurants and food courts, commercial and institutional blocks, residential villas and apartments and entertainment centres etc.

Of the 438 acres, as many as 360 acres would be converted as a green belt, which would include the golf course, lakes, parks and wetlands. Gaur said the complete master plan would be ready by March-April next year. The entire project is proposed to be completed over a period of five years. The 18-hole golf course is being designed to international championship standards using multiple tee boxes, fairways, bunkers and water obstacles. The course would have a computerised irrigation system with back-up power and use of the "tifdwarf" grass, developed and patented in the US, in the greens.