Ozone Group launches operations in Mumbai

Plans to grow over three times, in revenue terms, this financial year.

Apr 08, 2015 04:04 IST India Infoline News Service

Ozone Group, one of South India’s leading real estate companies, has formally launched its operations in Mumbai with their office in the city’s business capital, Bandra-Kurla Complex (BKC). The Mumbai office will not only cater to the national market but will also provide a gateway for investments in South India to the NRI community across Singapore, Australia, USA & Africa. In line with the above, the company also held an investor and channel partner meet in Mumbai on April 02, 2015 at Taj Lands’ End, Mumbai which saw a turnout of around 575 investors across the country.

During the investors meet, Ozone Group also launched their flagship 10:80:10 scheme to woo home buyers and investors across India to invest in their properties across South India. The scheme allows the customer a flexible payment option wherein he pays only 10 percent amount at the time of booking. 80% is funded by the bank. The balance 10% is paid by the customer at the time of possession.

On the sidelines of the event, Srinivasan Gopalan, CEO, Ozone Group said, “Mumbai is the financial capital and holds tremendous opportunities in the current real estate context. This office will be our hub catering to sales, not only across India, but globally as well. We plan to grow over three times, in terms of revenue, in this financial year and this step perfectly blends with our overall vision and objectives. We are expecting a lot of investments from Mumbai, New Delhi and Kolkata for our properties across South India.”

Appointed last year as the CEO,  Srinivasan has an exemplary track record of delivering growth. During his tenure at The Wadhwa Group, it witnessed a phenomenal growth. He is well regarded in the financial services and real estate community for innovation in the business mechanism and performance management. He strongly believes that people, processes and technology are driving force for a company’s success.

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