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Ozone Promenade is a premium high-rise apartment project by Ozone Group in Mahadevapura, Bangalore South. The Property is located on ITPL Main Road, directly opposite to Phoenix Marketcity mall. ITPL Main Road runs parallel to the north boundary of the Property. The Project offers large sized 2 & 3 BHK premium apartments. The immediate neighbourhood is a well-developed residential and commercial place with excellent social infrastructure. The Project is a joint venture between Ozone Group and Elegant Properties.

Below table provides a snapshot of the Project:

Type of ProjectResidential
Developer NameOzone Group
Project LocationOpposite Phoenix Marketcity, ITPL Main Road, Mahadevapura, Bangalore
Land Area 5.6 acres
No of Units 549
No of Towers / Blocks5 Towers / 8 Blocks
Units Configuration 2 BHK - 1365 - 1530 sq. ft.
2.5 BHK - 1350 - 1540 sq. ft.
3 BHK – 1765 - 2400 sq. ft.
No of Floors2B+G+19
Completion Timeline October 2020

Price Rating: AMONG THE BEST

We have benchmarked Ozone Promenade apartments against other high-rise apartment projects from top builders on ITPL Main Road within 5 Km radius. We found the Price of Ozone Promenade “Comparable” to those of similar apartment projects in the same micro-market. We believe there would be a strong demand for this property even in future because of close proximity to Namma Metro (nearest stop is 150 meters away at Mahadevapura).

Project NameDeveloper NameLocation Units Sizes Price Expected Completion
Ozone PromenadeOzone GroupITPL Main Road, Mahadevapura1350 – 24006140Oct’20
Vaswani ExquisiteVaswani GroupThe Zuri Hotel, ITPL Main Road, Hoodi1820 – 28506190Dec’20
Pursuit of a Radical RhapsodyTotal EnvironmentHoodi Circle, ITPL Main Road2713 - 43039000Dec’20
Prestige ShantiniketanPrestige EstateITPL Main Road1418 - 41907000Completed
Godrej UnitedGodrej PropertiesITPL Main Road, Hoodi1388 – 29566000Dec’19
Habitat Eden HeightsHabitat VenturesHoodi Circle, Hoodi Main Road1337 – 20215250Jan’19
Brigade LakefrontBrigade GroupKundalahalli Road, Hoodi1150 – 33606500Dec’17

*The quoted price is base price of the unit and does not include car parking, floor rise, club house, deposits & taxes.

NOTE: Price last updated on JUNE 23, 2017.

Location Rating: AMONG THE BEST

Ozone Promenade is located directly opposite to Phoenix Marketcity, on ITPL Main Road, Mahadevapura, Bangalore. The immediate neighbourhood is a well-developed residential and commercial place having several residential apartments, IT Parks, Malls and Hospitals. Almost all prominent tech parks of Whitefield are within 5 Km radius of this place. The nearest Metro station is just 150 meters away; hence connectivity of the Project with the rest of Bangalore is excellent. This shall provide an excellent demand for rental as well as resale in future for this project.


Immediate neighbourhood

Well-developed residential and commercial locality having prominent residential group housing projects and IT Parks.
Landmarks nearby

Phoenix Marketcity is directly opposite to the Project.
Access Roads

Directly accessible from 80ft ITPL Main Road.
Metro Rail

Nearest station is Mahadevapura (150 meters) planned in Phase II.
Train Stations

Whitefield railway station (10 Km); KR Puram Railway Station (5 Km); Bangalore Railway Station (17 Km)

Kempegowda International Airport is 41 Kms away.


Builder Rating: ABOUT AVERAGE

Ozone Group is promoted by Dr. S Vasudevan, who is a licensed architect with over two decades of property design and development experience. It is a Bangalore headquartered company with projects in Chennai, Bangalore, Goa and Mumbai. Ozone has developed both residential and commercial projects.

They have excellent banking relationship with top Banks, Private Equity Funds and NBFCs such as HDFC Property Fund, Urban Infrastructure RE Fund and Piramal Capital.

Builder NameOzone Group
Flagship Company NameOzone Properties Pvt. Ltd.
AddressNo. 38, Ulsoor Road, Bangalore
Year of Establishment2004
Managing DirectorDr. Sathyamoorthy Vasudevan
No. of Projects Completed3
Popular ProjectsOzone Urbana, Ozone Evergreens
Company Website http://www.ozonegroup.com

Construction Quality Rating: ABOUT AVERAGE

We found “Average” Quality of Construction in all its completed projects. Ozone Group has outsourced the construction to a prominent construction company, Synergy, which is a well-known Bangalore based firm. Buyers can expect good quality of construction in this project.

The Project offers standard specifications but a wide range of amenities and sports facilities to its residents.

Construction ContractorSynergy, a Bangalore headquartered construction company. Synergy has delivered more than 100 million sq. ft. of high quality built-up spaces to global clients across Commercial, Retail, Health care, Hospitality and Residential verticals.
ArchitectAMB Architects
SpecificationsStandard specifications such as:

• Laminated wooden flooring in master bedroom; all other rooms, living, dinning & Kitchen have vitrified tiles.

• Main door wood frame with OST and Melamine polish. All other doors are hardwood frame with HDF flush door painted.

• UPVC / Aluminium windows with mosquito mesh.

• Premium quality fixtures for Sanitary Fixtures and CP Fittings.

Expected CompletionOctober’20


25,000 sq. ft. clubhouse with Gym.

Table Tennis.

Billiards / Pool Table.

Tennis Court.

Multi-purpose Court.

Cricket Practice Pitch.

Jogging Track.

Swimming Pool.

Children Play area.
Sewage Treatment Plant.

Rainwater harvesting system.

Landscaped Garden.

Flower Garden.
Indoor Multipurpose Hall.



100% Power Backup.
Directly opposite to Phoenix Marketcity.

Ozone Promenade has received all required NOCs from the concerned authorities, master plan approval from BDA and building plan sanction from BBMP. We did not find any regulatory or environmental related issues with the project.

Buyers are advised to conduct an independent legal and technical due-diligence of the project before investing in the project.

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