LARGE SIZED APARTMENTS AT EXCELLENT LOCATION
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 Project||Residential|
|Developer Name||Ozone Group|
|Project Location||Opposite Phoenix Marketcity, ITPL Main Road, Mahadevapura, Bangalore|
|Land Area||5.6 acres|
|No of Units||549|
|No of Towers / Blocks||5 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 Floors||2B+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 Name||Developer Name||Location||Units Sizes||Price||Expected Completion|
|Ozone Promenade||Ozone Group||ITPL Main Road, Mahadevapura||1350 – 2400||6140||Oct’20|
|Vaswani Exquisite||Vaswani Group||The Zuri Hotel, ITPL Main Road, Hoodi||1820 – 2850||6190||Dec’20|
|Pursuit of a Radical Rhapsody||Total Environment||Hoodi Circle, ITPL Main Road||2713 - 4303||9000||Dec’20|
|Prestige Shantiniketan||Prestige Estate||ITPL Main Road||1418 - 4190||7000||Completed|
|Godrej United||Godrej Properties||ITPL Main Road, Hoodi||1388 – 2956||6000||Dec’19|
|Habitat Eden Heights||Habitat Ventures||Hoodi Circle, Hoodi Main Road||1337 – 2021||5250||Jan’19|
|Brigade Lakefront||Brigade Group||Kundalahalli Road, Hoodi||1150 – 3360||6500||Dec’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 Name||Ozone Group|
|Flagship Company Name||Ozone Properties Pvt. Ltd.|
|Address||No. 38, Ulsoor Road, Bangalore|
|Year of Establishment||2004|
|Managing Director||Dr. Sathyamoorthy Vasudevan|
|No. of Projects Completed||3|
|Popular Projects||Ozone Urbana, Ozone Evergreens|
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 Contractor||Synergy, 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.|
|Specifications||Standard 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.
AMENITIES & LIFESTYLE
|HEALTH & FITNESS||GREEN ENVIRONMENT||LIFESTYLE & DESIGN||X - FACTOR|
|25,000 sq. ft. clubhouse with Gym.|
Billiards / Pool Table.
Cricket Practice Pitch.
Children Play area.
|Sewage Treatment Plant.|
Rainwater harvesting system.
|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.