Monday, January 26, 2009

Ozonegroup Launches "Ozone Evergreens" an Affordable Housing Project in Bangalore

Ozonegroup, today announced the launch of 'Ozone Evergreens', India's 1st affordable city housing project. The 912 unit development is located within the city (off Sarjapur road) and is being developed on a 10 acre prime property comprising of 2 bed & 3 bed units. The project will have facilities and amenities which match any high-end residential project. Ozone Evergreens is exclusively marketed by ICICI Property Services, a division of ICICI Home Finance Company Ltd.

Speaking on the occasion, Vasudevan. S, Managing Director, Ozonegroup, said, “Ozonegroup has been working on lowering the bar for home buyers and will now have the unique distinction of being the first real estate development company to develop and offer a ‘city based affordable housing project’. We are sure ‘Ozone Evergreens’ will set a new benchmark in affordable housing projects.”

“Ozonegroup through ‘Ozone Evergreens’ project will be fulfilling the aspiring need for quality, affordable housing for the customer”, added Vasudevan. S.

Ozonegroup projects are designed with an emphasis on being very environmentally responsible. The development will have unique water management and conservation systems. Rainwater Harvesting systems and primary and tertiary water treatment will recycle and reuse black as well as grey water, thus conserving both ground water sources as well as municipal water.

Added Sudarshan K.S, Chief Operating Officer, Ozonegroup, “We have been working on making homes affordable to a larger segment of the population and Ozone Evergreens is the first small step to make homes affordable for a large section of the city’s population. We have worked diligently in optimizing the designs resulting in Ozone Evergreens having high quality, safety and finish. Ozone Evergreens has fully loaded amenities that would re-define the meaning of affordable housing in India. This project will set the benchmark for value-for-money real estate products.”

‘Ozone Evergreens’ will offer high-quality amenities and facilities for its residents. The project has a uniquely designed large club house with an exclusive swimming pool for women, a state-of-art gymnasium, jacuzzi, kids play room with crèche, indoor games room – table tennis, pool, carom, chess, multipurpose hall with dry kitchen, meeting rooms with conference and business centre and convenience stores for fresh fruits, daily needs, pharmacy, ATMs and Kiosks.

The development has ample amenities. An ambulance for emergency for exclusive use of its residents, swimming pool for men with jacuzzi, children’s pool with activity zone, an amphitheatre, visitor’s surface parking area, children’s play area with skating ring, jogging tracks, are just some of the amenities provided at Ozone Evergreens.

Sudarshan K.S, added, “The units are uniquely designed so that units do not face each other, utilize natural lighting in the best possible way, face either the background greenery or the landscape and the structures are Seismic Zone II compliant.”

Evergreens will be ready for occupation by February 2011.

About Ozonegroup

Ozonegroup is fast emerging as a new force in the Indian real estate market and becoming the preferred choice of a discerning buyer, whether of a home or a commercial establishment. Ozonegroup caters to the residential, commercial, retail and hospitality segment. Its offerings range from Residential condominiums, Row houses, Independent villas, SEZs, Retail Malls, Integrated townships, Hotels, Serviced Apartments, Resorts and Spas. Headquartered in Bangalore with offices in Chennai and Goa, the group currently has projects in Bangalore, Chennai and Goa. All projects of Ozonegroup are aesthetically designed with world class architectural capabilities. The projects offer a variety of amenities for customers which enable them to lead a better quality of life.

Promoted by S. Vasudevan, an architect by training, with over two decades of experience in property development, Ozonegroup is a professionally managed organization of nearly 200 professionals from India and overseas. The company’s board brings to the table a cumulative experience of 100 years in the field of real estate and the top management of the company has experienced professionals of nearly 600 man years of Real estate and related activities.

The group partners with HDFC Venture Fund, a fund raised from the largest real estate mortgage institution in India and UIOF (Urban Infrastructure Opportunities Fund), an infrastructure fund raised from the promoters of RIL, India’s largest private sector company. These two partners give the group the necessary bandwidth, financial strength and credibility to deliver world class products.