Grand Prix Motorcycle racing is the premier two-wheeler road racing event. This event is held on road circuits approved by FIM (Federation International de Motocyclisme). Now MotoGP event is all set to come to Greater Noida, India in 2023. Grand Prix Motorcycle racing is the third most watched event across the globe after the Olympics & FIFA World Cup.
Dorna Sports, the Spanish company and commercial rights owner of the MotoGP event, and Noida -based race promoters Fairstreet Promoters signed a memorandum of understanding (MoU) to host the racing event in India for the next seven years. The event will be called the Grand Prix of Bharat.
The Grand Prix Motorcycle racing event will be held on the 5.125 Km long Buddh International Circuit, Greater Noida. The official date of the event is yet to be announced.
Buddh International Circuit also hosted the Formula-1 Indian Grand Prix from 2011-2013.
MotoGP Championship
The Grand Prix Motorcycle racing event is divided into four categories namely MotoGP, Moto2, Moto3, & MotoE. In the first three categories, four-stroke engines are used while in MotoE electric motorcycles are used. The promoters of the Grand Prix Motorcycle racing event also have plans to introduce the MotoE event in India, which will make India the first Asian nation to be part of an electric motorcycle racing event.
Impact of Event on Indian Economy and Real Estate
The event will provide International recognition to India. It will also give impetus to the country’s GDP growth, employment, and tourism. It will also have a positive impact on the real estate market on Yamuna Expressway. An increase in tourism will lead to developing the allied sector like hotels and other commercials. That will boost the real estate market in this area.
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