Realty Company Ozone: Raises Rs 500 crore

Bangalore-based realty developer, Ozone, the  is raising a debt of Rs 500 crore from a consortium of banks led by SBI (State Bank of India) for its upcoming residential cum commercial township project namely Ozone Urbana, near the BIAL (Bangalore international airport).

Mr. S. Vasudevan,  MD, Ozonegroup, said, Our company is investing Rs 3,000 crore on this new Ozone Urbana integrated township project, which is spread over 150 acres. We have already invested Rs 1,000 crore on this project mainly for acquisition of 150 acres land and creation of basic infrastructure. The company has raised Rs 1,000 crore from Urban Infrastructure Opportunities Fund, a PE fund set up by Mr. Anand Jain, in which Reliance Industries is a majority equity partner."

The Ozone Urbana is the largest integrated township located on the fast growing corridor in north Bangalore near the international airport. The township is designed to have basic social infrastructure like hospitals, malls, multiplex, clubhouse, gardens, schools &  office space for IT/ITeS companies.

The project is divided into 3 projects , Urbana Meadows, Urbana Aqua & Urbana Greens.

Urbana Meadows is plug & play model serviced plots for those who would like to design and build their own homes.

Urbana Aqua is for those who are looking for their first home with  budget. It has 280 2 and 3 bedroom flats.

Urbana Greens is a Vaastu compliant villa project spread across 26 acres with villas of different measurement ranging from 2,000 sq ft to 6,400 sq ft.
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