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Ozone Group initiates new housing venture in Chennai

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Ozone group which is into a real estate business is all set ready to start “The Metrozone” at Anna Nagar which is approx 2,600 crore project in residential sector in the city on a 45 acres of land and which would be housing more than 1500 apartments with 29 towers. This was disclosed by Ozone Group Managing Director Mr. S. Vasudevan to the www.propertykhazana.com. He even added that the project would have three cellar levels to cover 5000 cars and a piped LPG network. With a view to promote “Green Power, the project would have solarlighting and rain water harvesting systems.
Mr. Vasudevan further said to the www.propertykhazana.comthat the rates for the double bedroom apartments varies from (Rs 95 lakhs) for 1,222 sq. ft and (Rs. 1.5 crore) for 4,818 sq. ft for penthouses. By 2011 the initial phase of the project would be completed. The work of constructing the project would start by end of June and would be completed by 2013-2014. The first phase of the project is likely to be completed by 2011. COO of the Ozone group stated that negotiations are going on with the multiplexes and signing of the agreement s would be done soon for the Metrozone project which would be housing 15-17 screen multiplexes and more than one lakh sq.ft area had been allocated for food and entertainment. He further stated that the group is in addition developing two housing ventures in Bangalore at total cost of Rs 400 crore housing around 1000 apartments in both the projects and that the lowest rate for each apartment would be Rs. 28 lakhs. Refusing to give more information, he said that he has also plans to start a leisure project in Goa. For more and latest realty updates visit www.propertykhazana.com.

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