Ozone Group is broke doesnt complete projects and

Review on Ozone Greenview, Koramangala, Bangalore

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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