According to Ozone Group CEO, Srinivasan Gopalan, the group is in the process of launching its new project at Bengaluru during September this year. The project, spread over 4 acres land on Magadi Road, about 7 km from M G Road, will have around 700,000 square feet area. The group, backed by Urban Infrastructure Venture Capital Ltd, is set to raise around Rs. 250 crore to fund its expansion projects.
Extracted from BS, Mar 06,’15