Jaypee Sports International has announced the name of their upcoming circuit. The first Formula One Grand Prix track in India is called the Buddh International Circuit. The Circuit is located 40kms from New Delhi and has a capacity to accomodate 1.25 lakh spectators. However the main grandstand will be the most in demand with a capacity of seat 25,000 people. At 5.14 kms in length, the development cost of Buddh International Circuit is Rs. 1800 crore. Nothing related to Formula is every cheap, or is it!