Ozone Urbana | 187 acres township | APP

[avinash2060]

image hosted on flickr

[avinash2060]

Real estate developer Ozonegroup has announced a Rs 3,000-crore integrated township project in Bangalore, near the Bangalore International Airport. The project, Ozone Urbana, would be spread across 150 acres, and “there is a potential to grow this to 167 acres,” said K S Sudarshan, chief operations officer, Ozonegroup, at the launch. The overall project cost would be around Rs 3,000 crore, said S Vasudevan, chairman and managing director, Ozonegroup, which includes land acquisition and infrastructure development costs of Rs 1,000 crore.

“We acquired the land over 3-4 years,” he added. The project would be funded through equity and investor funds. “We have also tied up with banks for project funding,” he said.
Urban Infrastructure Opportunities Fund, promoted by Anand Jain, in which Reliance Industries is the largest shareholder, has invested over Rs 1,000 crore in the Ozonegroup both at SPV level and entity level. At the entity level, the fund has 50 per cent stake in the company. The company also partners with HDFC Venture Fund.

http://www.indianrealtynews.com/real...html#more-6220

[avinash2060]

[engineer.akash]

Fabulous

[engineer.akash]

[bluestraveller]

I checked out the project since my friend was interested in a plot. They are kinda pricey at 2,500+Rs/Sq Foot. What irritated us the most was that they needed maintenance fee from 1 month of purchase irrespective of if you build anything now or not. The maintenance fee increases with the size of the plot. One can understand maintenance fee for an apartment or even if the project was complete but asking for the fee at this stage when they don't even have answers on which mall or which hospital is going to come up is ridiculous.

I don't believe majority of them will build anything there since the project needs atleast a good5-7 years before everything starts. Paying money till then is not a good investment idea for a plot!

Anybody here pick a plot? Are you guys paying maintenance fee?

Other than that the project looks impressive on paper at least. A lot of things still need to fall into place.

My friend is 50/50 on investing here. A 30-40 would come to 30 Lakh plus other fees. Is this good investment?

[avinash2060]

Originally Posted by bluestraveller

I checked out the project since my friend was interested in a plot. They are kinda pricey at 2,500+Rs/Sq Foot. What irritated us the most was that they needed maintenance fee from 1 month of purchase irrespective of if you build anything now or not. The maintenance fee increases with the size of the plot. One can understand maintenance fee for an apartment or even if the project was complete but asking for the fee at this stage when they don't even have answers on which mall or which hospital is going to come up is ridiculous.

I don't believe majority of them will build anything there since the project needs atleast a good5-7 years before everything starts. Paying money till then is not a good investment idea for a plot!

Anybody here pick a plot? Are you guys paying maintenance fee?

Other than that the project looks impressive on paper at least. A lot of things still need to fall into place.

My friend is 50/50 on investing here. A 30-40 would come to 30 Lakh plus other fees. Is this good investment?

SEZ is the key to this project success more than mall as century is building a mall less than half a km from this project .If it employes 50K as they say in IT/BPO or any sector then there will be demand .else it's just a game of speculation

[suman78]

Even after repeated emails, they still have not provided any completion dates. Will they finish SEZ, Schools, Hospitals etc before apartments

[avinash2060]

image hosted on flickr

image hosted on flickr

image hosted on flickr

[mksudeep]

Hello,

Are plots still available to buy? any one selling them? I would be interested to buy, if anyone is looking for 50/50 i am ready for that too.

Admin, can you please give me some details??

Thanks in advance!
Sudeep.

[avinash2060]

Website:http://www.ozoneurbana.com/indeex.html
Contact Us
Site office:
NH-7, New Bangalore 562110.
Phone: +91-80-6546 6766 / 6546 6668
E-mail: enquiry@ozoneurbana.com
Corporate Office:
38, Ulsoor Road, Bangalore 560042.
Phone : +91-80-4039 5600

[mksudeep]

Originally Posted by avinash2060

Website:http://www.ozoneurbana.com/indeex.html
Contact Us
Site office:
NH-7, New Bangalore 562110.
Phone: +91-80-6546 6766 / 6546 6668
E-mail: enquiry@ozoneurbana.com
Corporate Office:
38, Ulsoor Road, Bangalore 560042.
Phone : +91-80-4039 5600

Thanks for the quick reply! I have visited the website and does not have info on availability. Do you have any idea?

[mksudeep]

Originally Posted by avinash2060

Property developer MK Land Holdings Bhd expects the first phase of the affordable homes development project in India to be launched in March next year.

Executive chairman Tan Sri Mustapha Kamal Abu Bakar said the project will be a replication of the successful model of Damansara Damai, a low medium cost township developed by its subsidiary, Medan Prestasi Sdn Bhd.

"We are in the stage of planning and hope to launch the first phase in March next year because there is a pent-up demand for properties," he told reporters after launching construction works for a bus terminal in Damansara Damai, in Petaling Jaya, Selangor yesterday.

MK Land via its subsidiary Ritma Mantap Sdn Bhd, is in partnership with Embassy Group of India to develop and construct a 120ha township in northern Bangalore, India.

With a total gross development value of RM3 billion, the project is being undertaken by Milan Gateway Sdn Bhd, where MK Land and Embassy Group each holds 47.5 per cent while MKN Embassy Development Sdn Bhd has 5 per cent.
Construction is expected to take off next year while completion will take about five years. It will potentially deliver 16,000 units of affordable homes and about 560 units of retail outlets.
source:http://www.malaysiapropertynews.com/...a-project.html

Hi Avinash,

The source:http://www.malaysiapropertynews.com/...a-project.html does not seem to work, can you please help me find the website?

Thanks!

[avinash2060]

[northbengalu]

Guys,
This thread was last updated on Aug 2012.
Does anybody has recent updates/pics/videos on this project....

please share .....