Real estate developer Ozone Group has planned Ozone Urbana, a 200-acre project on the northern fringes of Bengaluru where the project will house residences, offices, a hotel and homes for senior citizens. The other project, Ozone Greens, a 45-acre project in Chennai, will house residential and commercial buildings. A Vasudevan, CMD Ozone Group, informed that the company is negotiating with Japanese and North American private equity players to generate ₹2,000 crore for its twin township ventures. There is good interest from funds due to the good track record of township projects. It currently has three large township projects under construction across Chennai and Bangalore offering 15,000 units across three township projects that are either under planning or development stage. The Ozone Group, backed by Urban Infrastructure Venture Capital, plans to focus on the development of large townships' projects of 140-acre and above in Bengaluru, Chennai and Goa including premium development in Mumbai.
📅Published on:
17 November 2020
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