Ozone Urbana Infra Developers Private Limited is accused not only of the delay of completing the project Realty after raising money from Homebuyers and leaving it for years. File | Photo Credit: Reuters
The Directorate for recovery (ED) has a projected immovable property in the amount of 423.38 GBP Crores ozone developers Urban Infra PVT. Ltd. and his promoters.
Ozone Urbana Infra Developers Pvt. Ltd. He is accused not only of the delay of completing the real estate project after collecting money from Homebuyers and leaving it in the range for years, but also to divert this money to the purchase of personal assets for its promoters. The Central Investigation Office (CBI) also tried the case on the basis of the instructions of the Supreme Court.
“In order to ensure the interest of customers, the immovable properties of the ozone infra developer, pvt. Ltd. (unsold shares in Avenue (92 apartments) and Aqua 2 projects (13 apartments), 4.5 hectares of commercial land) and its promoter S. Vasudevan together with his wife Provisional connected, ”Ed said, stated details of real estate interconnected in the case.
Raids in August
It should be remembered that Ed failed the company and its promoters 1 August 2025. Ltd., along with S. Vasudevan (main promoter), cheating the buyer home for melody 927.22 crore.
“The accused deviated funds to other group entities and related individuals, including S. Vasudevan himself, and his family members themselves created revenues from crime to melody 927.22 Crore and directed it through various entities and used for purposes other than funds that were actually intended for the construction and development of projects in Ozone Urban.” Saturday, ”he said on Saturday.
Published – 4 October 2025 9:28
