Ozone Greenview, Koramangala, Bangalore

Ozone has taken advance from me for Apartment but has not started construction . Even the basement constructed by earlier developer is now demolished . there are about 40 allottees who have been helplessly waiting expecting refund with RERA prescribed interest which may come to around 55-60 crores . Some have filed cases in RERA .

Even Ozone Urbana , its a more or less similar aituation and the allottees have even filed Criminal Cases . All Ozone peojects seem to have been stalled and money seems to have been diverted from these projects to elsewhere .

There should be separate Act enacted to ensure such cheats are suitably punished and no innocent ciyizen is robbed of his/her hard earned income .

As on date looks like law is weak and favours such defaulters . Hope Modi jis Govt will address this issue urgently.

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First investors in Raheja Pebble Bay were taken for a ride by Advantage Raheja group. They failed and sold the project to Ozone. Now over five years, no progress and the builders do not even answer your calls. No law to reign these frauds?

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Very bad experience dealing with them, had invested in their Ozone Green View project near silkboard over 5 years ago. Literally zero progress. They took over this project from Raheja without getting our consent. Now they are neither delivering the project or refunding the amount. Just making us run around. It's been months chasing them to settle the matter and have filed RERA court case, but made no difference. There are many like me and we are all got together and fighting it out.

I strongly recommend not to with them, unless you are ok risking your lifetime savings.

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Very very disappointed with ozone group. We booked an apartment with Raheja group in Pebble bay in Koramaangala in 2016 which was later taken over by Ozone Group in 2019. Since then we have been struggling to get back our own hard earned money that was invested. In spite of constant efforts from our group of investors who invested in this project, Ozone has not been able to refund he amount to any of us. This is unreasonable from a builder like Ozone. They have lost their credibility by doing this. Please be aware of this before investing in their projects.

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I have booked for my son an apartment with the Raheja group in Pebble bay in Koramangala in 2016 which was to be handed over in 2019.

However, Raheja did not complete the project and without the consent of its customers sold the project to Ozone Group in May 2019. Ozone has lifted their hands and said they have no resources to do the apartment project and trying to complete the commercial project attached to it. lt clearly shows their intentions towards residential projects. Despite this fact, they are inconsiderate to the customers and when all of us customers joined together and confronted them, they offered 6% interest for the period of Raheja and 8% for the Ozone period. And that too they said they will refund by the 2021 year-end as their financial position is miserable. They have been saying that they are in a very poor financial state and can’t pay a refund before year-end. This shows their actual financial position, which means they will not be able to take up any of their projects and initiate and complete let alone Ozone Green View Project Koramangala.

Meanwhile, they will be projecting good about themselves and the innocent investors invest and their money gets stuck. This is because, this project which they rechristened as Ozone Green View Koramaangala, they have not done anything to even lay a single additional brick and the project remains where it was when they took over in 2019 and our money, for some investors a few crores each is stuck and the management seeking time and negations are on with regards to paying back at MCLR + 2% interest as per RERA Act and the management is offering the minimum of MCLR applicable from the date we paid till date, whereas actually as per act it is the highest applicable MCLR+2% for the period the installments were made.

Once these negotiations finalize, then god only knows when they will actually make the refund, and in any case not before the Year-end, and considering their financial condition, we should consider ourselves lucky if we get it by 2021 Dec end. The unfortunate thing is they never responded and given clarity to customers. We have invested our hard-earned money. For almost 4 years no progress.k don't know how RERA keeps on giving extensions to them without verifying the progress.

Anyone who sees the progress of the project can say it is impossible to complete the project with the extensions provided.

I have approached Rera Court and consumer court for a refund. Nothing happened. The court just goes on postponing dates. No courts will be useful for a common man.

I think God only help our group for a refund of our investment.

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Ozone Group Cheats . Raheja group also cheated .

I booked an apartment with Raheja group in Pebble bay in Koramaangala in 2016 which was to be handed over in 2019. However Raheja group without consent of its customers sold the project to Ozone Group in May 2019. Ozone have lifted their hands up and said they have no resources to do the apartment project and offered to refund the amount at 8% simple interest from May 2019 and they have washed off their responsibility of paying interest for the earlier period and said it’s the responsibility of Raheja group. When Ozone bought the project , they also buy the liabilities. Despite this fact they are inconsiderate to the customers and when all of us customers joined together and confronted them , they offered 6% interest for the period of Raheja and 8% for Ozone period. And that too they said they will refund by 2021 year end as their financial position is miserable . They have been saying that they are in very poor financial state and can’t pay refund before year end . This shows their actual financial position, which means they will not be able to take up any of their projects and initiate and complete let alone Ozone Green View Project Koramaangala. Meanwhile they will be projecting good about themselves and the innocent investors invest and their money gets stuck . This is because, this project which they rechristened as Ozone Green View Koramaangala , they have not done anything to even lay a single additional brick and the project remains where it was when they took over in 2019 and our money , for some investors a few crores each is stuck and the management seeking time and negations are on with regards to pay back at MCLR 2% interest as per RERA Act and the management is offering the minimum of MCLR applicable from the date we paid till date which is nothing but cheating , as actually as per Act it is the highest applicable MCLR 2% for the period the instalments were made . Once these negotiations finalise , then god only knows when they will actually make the refund and in any case not before the Year end , and considering their financial condition, we should consider ourselves lucky if we get it by 2021 Dec end , especially because they have been postponing again and again. Therefore I just wanted to bring these facts to the notice of the esteemed customers.

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