The real estate sector is on a growth trajectory with rising demand for real estate and infrastructure development. The introduction of RERA came as a welcome move to address issues such as project delivery delays, price, construction quality while bringing in transparency and efficiency into the sector. It has also helped to boost buyer sentiment. Going forward only serious established players would be able to sustain themselves and the sector would consolidate as a large player sector.
One such South Indian rocking player and a leading developer, Ozone Group is committed to providing a superior quality of life by redefining the standard of living through innovative real estate products. The group is reputed for its innovative and quality construction. The brand distinctively differentiates itself through an unwavering focus on three core values – Customer Centricity, Quality and Transparency. The broad bandwidth of offerings ranges from integrated townships, residential condominiums, hotels, resorts, business parks, industrial clusters, and retail malls. This young and dynamic organization has completed about 7.5 million sq. ft. of the area in the last five years, and about 15.8 million sq. ft. is under construction.
The Influential Crew of Ozone Group
An architect with an experience of over two decades in a property design and development, Dr. S. Vasudevan, the Chairman of Ozone Group, founded the company in 2004. The group was founded with a clear vision to primarily fill the prevalent gap between real estate products and customer expectations. Dr. Vasudevan is the one, who has led the group’s vision to become a market leader in its domain. His expertise ranges from conceiving and developing of large-scale townships, commercial & SEZ projects, and hospitality & retail projects.
Srinivasan Gopalan is the Group CEO of the Ozone Group. He has been a former COO of the Wadhwa Group and has extensive knowledge of the real estate space across the country. Srinivasan is a Cost Accountant (ICWA) and Chartered Accountant and has over two decades of experience in Audit, Accounts, Treasury, Taxation, Funds rising, and Regulatory Compliances, etc. Prior to joining Ozone Group, he was playing a dual role of COO & CFO of The Wadhwa Group. He has worked in different organizations such as Deloitte, Gharda Chemicals, ROW2 Technologies. Srinivasan is well-regarded in financial services/ Real-estate community for innovation in the financial mechanism and performance management. He has also spoken at various events, panel discussions and is a known and recognized thought leader in the real estate industry in India.
Promising Services Quenching Every Home Buyers Needs
Ozone Group is committed to providing world-class products and services while upholding transparency, customer centricity and superior quality as their core values. Delivering value destinations to live, to work and play through innovative concepts in real estate development, abundant infrastructure, and sustainable eco-friendliness.
In addition to being able to meet customer requirements, Ozone has created a niche for itself in the market where local developers or financial institutions are approaching Ozone to help exit stuck or stressed projects. Ozone, with its global sales and marketing network and brand credibility, is able to sell, construct and ultimately handover projects that were stuck. There is a strong pipeline of such projects for the group as it has been able to clearly make a mark in this niche market.
Flagship Project Fuelling the Success Engine
The flagship project in Bangalore is Ozone Urbana, 185-acre township project located in Devanahalli. Ozone Urbana offers a vast product portfolio consisting of plotted development, budget homes, spacious apartments, boutique luxury residences, penthouses, and senior living residences. It boasts of one of the finest infrastructures, with NAFL-NPS, Hyatt Place hotel, New Medical Centre by B. R. Shetty, Serene Columbia Pacific Senior Living residences and much more. Eventually, Ozone Urbana will be home for over 7,000 families.
Successful Turnaround Stories of the Ozone Group
Ozone Group is well known for undertaking large-scale integrated projects in Bangalore and Chennai. It stands apart from other developers in its meticulous planning and environment-friendly design. In the last couple of years, Ozone has forayed into stressed projects of other developers that have become successful turnaround stories.
Ozone Techno Park: Rising majestically among seven acres of verdant landscape, Ozone Techno Park is conveniently located along Chennai’s IT Expressway–Rajiv Gandhi Salai, also known as the Old Mahabalipuram Road. Embraced by IT parks, residential and retail complexes, commercial establishments and banks, the district is buzzing with business activities. The latest amenities and grade ‘A’ infrastructure ensure that Ozone Techno Park will most certainly meet all the criteria for Blue Chip tenants, with the added advantages of scalability and sustainability.
Ozone Urbana: It is one of Bangalore’s best located integrated townships adjacent to Bangalore International airport, spread over 185 acres. It will have infrastructures like – the National Public School, 2 lakh sq. ft. of multiple clubhouses and multi-sport complexes, 2.4 km cycling track, a retail mall and a multiplex, a New Medical Centre hospital with 250 beds, Hyatt Place–a 4 Star Business hotel, an IT & Business Parks, all within the campus. Fibre-To-The-Home (FTTH) for telephone, Internet, Video, security, and telemedicine will be provided to every residence in Ozone Urbana. A part of this infrastructure is ready and over 900 people are staying at Ozone Urbana from March 2017. Another 900 families are expected to move-in in the next one year.
Promenade: A joint venture of Ozone Group and Elegant Properties, Promenade occupies the perfect location in Whitefield, the heart of Bangalore’s IT Corridor, opposite to VR and Phoenix. With the project, everything residents would need is within a 5-kilometer radius: bustling IT parks, premier schools, star hotels and restaurants, renowned hospitals and much more, with a whopping 25,000-square-foot clubhouse.
Pole Star: Ozone Group’s hi-tech limited edition homes come with a high degree of smart home features, making daily living extremely convenient. Apart from these high-tech comforts, Pole Star also has many other conveniences that add to lifestyle. Pole Star has a swimming pool, jogging track/walking trail, a children’s play area and a clubhouse that has an indoor badminton court, a gym, and an indoor games room.
The Metrozone, Anna Nagar: This mega, mixed development project spread over 40 acres, has 29 towers comprising two, three and four bedroom units, as well as four types of penthouses. The Metrozone has a 62,000 sq. ft. Clubhouse, one of the largest in Chennai. It has three international standard indoor badminton courts, five swimming pools, tennis court, amphitheater and much more. Located in the heart of Anna Nagar, two Metro stations are in close proximity to The Metrozone.
The Gardenia, Anna Nagar: It is a new concept in world-class boutique residences, with 32 exclusive four bedroom apartments, representing the ultimate luxury. Apartments in The Gardenia have been uniquely designed to provide flexibility in usage, giving a feeling of spaciousness and superb convenience. With an excellent lobby, an exclusive clubhouse, Business centre, Gym, and a swimming pool, The Gardenia is one of the most sought-after boutique residential projects in upmarket Shanti colony.
Greens: It is one of the Ozone Group’s latest residential projects in Chennai that is packed with rich features for a sophisticated lifestyle. It is located near Elocot SEZ, Sholinganallur. This large township residential development consists of high rise towers that offer splendid variants of 1BHK, 2BHK, 2.5 BHK, 3BHK and 4BHK luxury apartments that are designed to delight. The apartment’s sizes start at 657 sq. ft. and go up to 2,566 sq. ft., appealing to working professionals in and around OMR.
Mirabilis: Ozone group has recently launched Mirabilis, premium apartment complex, close to BKC. It is a G+14 stories lifestyle residential apartment consisting of 1 BHK and 2 BHK suites. The project will target upwardly mobile, young working couples and NRIs with business interests in Mumbai. It is first of its kind “Plug and Play Homes” concept. Amenities include a rooftop private lounge, rooftop infinity swimming pool, convenience stores, a wellness centre, a spa, a state-of-the-art gymnasium, and a business centre.
The Autograph: It is an ultramodern structure located near Dadar TT circle, and it offers the perfect balance of luxurious space and world-class amenities. With a 220o wrap around view from each apartment, the Autograph offers the cinematic best of Mumbai. The stunning city skyline, the imposing Bandra Worli Sea Link and Eastern Harbour are vistas that one can feast on for life. Through clever design and conscientious use of space, it boasts of a reduced building footprint, which leaves over 70% of the total land parcel as open spaces.
The Gateway: The Gateway is another example of a successful turnaround by Ozone Group. A well-known Mumbai developer was in default with a financial institution and the project was stuck due to a lack of funds. Ozone with its ability to sell and construct was able to give an exit to the financial institution as well as return profits to the developer.
Ozone KNS Oasis: This is a 40 acre plot development in Sarjapur Bangalore. Ozone entered the project due to the inability of the local developer to sell. This has been a huge success as many local developers have started to appreciate that Ozone is able to generate cash flows and exit stuck projects of developers merely by the strength of sales.
Ozone group overcomes all initial struggles and sees challenges as an opportunity to learn and earn. The key attribute that has helped overcome challenges in initial stages have been the long-term commitment of the brand towards delivering value to its end customers. Ozone has had a very successful relationship with all its stakeholders including its customers, financial partners, contractors, and even smaller vendors. These relationships have ensured that all partners repose faith in the group and are ready to partner with us even in the challenging times.
Benefits Gained by Clients
All the Ozone group projects are located in the very best locations in each city. Offered world-class infrastructure and amenities, go a long way in improving the quality of life of the residents. Besides offering outstanding lifestyle, Ozone Group’s properties offer excellent appreciations that are sought after by local and NRI customers.
The real estate industry is going through a phase of consolidation and the Ozone team believes that a few players will emerge stronger. The key differentiator for the company will be its ability to provide end to end solutions to the customers. Eventually, real estate will also become a quasi-service industry and company is gearing up for this future.