With 30 mn sq-ft under development, Ozone Group has delivered 2.6 mn sq-ft of residential and 1 mn sq-ft of commercial space across India last year alone.
For the period, it completed construction of around 1700 residential units across Bangalore, Chennai and Mumbai. The project list includes residential township cum mixed used developments like Ozone Urbana in Bangalore and The Metrozone & Greens in Chennai. In the commercial segment, the group handed over its A-grade development Ozone Techno Park located at OMR, Chennai and has leased out 1 mn sq-ft of office space to marquee clients like Cognizant and HCL.
Srinivasan Gopalan, CEO of Ozone Group, said, “Despite the myriad challenges the real estate sector has been facing, we focused in channelising our resources towards completing the projects at hand. With a clear focus on construction and handovers, we delivered approximately 5 homes per day. Going forward, we intend to not only enhance our focus on deliveries, but also launch new projects where we maintained a low profile.”
Ozone Group has already delivered around 13 million sq-ft since inception and nearly 30 million sq-ft is under various stages of construction across Bangalore, Mumbai and Chennai. The company operates across 3 broad segments – residential, commercial and retail and plans to grow its commercial portfolio from the current 5% to about 15% in 2020.