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Financial & legal due diligence · public record · 18 Oct 2026

Ozone Chambers

Ozone Group · HSR Layout / BTM / Koramangala fringe · New municipal no.395,Roopena Agrahara Village, Begur Hobli, Bangalore South Taluk

Promoter entityITALIX LIVING SPACES PVT LTD
Entity type · PANCompany · AAECI9491E
Developer brandOzone Group · #51 in Bengaluru by RERA registrations
RERA registrationsRegistration: TOR/PRM/KA/RERA/1251/310/PR/200109/001521
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned plannot filed
Escrow bankYES BANK, Kasturba Road
Land2.48 acres
Court cases declared0
Complaints at K-RERA2 on this project · 27 on the promoter
Record fetchedSep 2026
2 red flags3 to watch2 positive

Automated from the Karnataka RERA file TOR/PRM/KA/RERA/1251/310/PR/200109/001521 and 1 quarterly filing. Prices and rents are locality estimates, not verified listings. This report records what the Karnataka RERA file, the promoter’s quarterly filings, the complaint register, public credit ratings and company filings say. It states facts and flags them; it does not judge the investment. Prices, returns and the investment score live in the separate full report.

Financial & legal due diligence

What the public record says

Automated from the Karnataka RERA file TOR/PRM/KA/RERA/1251/310/PR/200109/001521 and 1 quarterly filing. Prices and rents are locality estimates, not verified listings. Compiled Sep 2026 from the Karnataka RERA file, company registers, rating agencies, tribunal records and press. Facts only; anything that deserves a written answer before signing is flagged.

2 red3 watch2 positive
Delivery timeline1/10
3 extensions on the registration (−6); a registration completion date has already passed (−2)
Legal & complaints8/10
2 RERA complaints on the project (−1); 1 still open
Money to finish9/10
finance cost is 0% of the registered budget; last quarter: collected ₹0.00 cr, withdrew ₹0.00 cr; 100% of homes booked (+1)
Developer strength5/10
no public credit rating for the promoter

Meters are rule-based from the RERA file and public ratings (rules shown under each), not opinions.

Registration
TOR/PRM/KA/RERA/1251/310/PR/200109/001521 · ITALIX LIVING SPACES PVT LTD
Past RERA date
RegisteredMar 2016Original completionSep 2019Section 6 ext.Sep 2020Covid ext.Mar 2021Further ext.Dec 2025TodaySep 2026
Construction71%
quarterly filing Q3 2025-26 (submitted 2026-02-24)
Homes booked16 / 16
0 still available
Sold vs built100% vs 71%
Buyers are well ahead of construction: most money is in, delivery risk sits with the developer.
Money through the RERA account
Collected ₹0Withdrawn ₹0Q3 2025-260.0 L0.0 L
Collected from buyersWithdrawn for construction
Latest milestones
  • Sub-structure flooring
    0%
  • RCC or MS Framed structure
    0%
  • Joinery: Doors, Windows, Ventilators etc
    0%
  • Dadoing, Skirting, Flooring, Tiles work
    0%
  • Railing and Grill fixing
    0%
  • Painting
    0%
No litigation declared2 complaints · 1 openEscrow: YES BANK
Credit ratings of the people behind it

No public credit rating located for the promoter.

ITALIX LIVING SPACES PVT LTD: no public rating located

Complaints & disputes on record
On this project21 open
On the promoter entity27all projects
Court cases declared0no stay recorded
What complainants raise
  • NON HAND OVER DELIVERY AND INTEREST ON DELAY PERIOD
  • handover delivery and compensation
At a glance
Registration extended 3×

Registration extended 3× — from 2019-09-30 to 2025-12-31 (already passed)

71% built, 100% booked

71% built per the latest filing; 16/16 homes booked

2 RERA complaints, 1 open

2 RERA complaints on this project (1 open); 27 on the promoter overall

No litigation declared

No litigation declared in RERA filings

The record, in pictures

RERA file · Registration

Registered project cost ₹492 cr — where it goes
Land ₹74.4 cr · 15%Construction & on-site ₹417.9 cr · 85%
Construction programme as filed (quarterly filing Q3 2025-26 (submitted 2026-02-24))
10201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162116311641165116611671168116911701171117211731174117511761177117811791180118111821183118411851186118711881189119011911192119311941195119611971198119912001201120212031204120512061207120812091210121112121213121412151216121712181219122012211222122312241225122612271228122912301231123212331234123512361237123812391240124112421243124412451246124712481249125012511252125312541255125612571258125912601261126212631264126512661267126812691270127112721273127412751276127712781279128012811282128312841285128612871288128912901291129212931294129512961297129812991300130113021303130413051306130713081309131013111312131313141315131613171318131913201321132213231324132513261327132813291330133113321333133413351336133713381339134013411342134313441345134613471348134913501351135213531354135513561357135813591360136113621363136413651366136713681369137013711372137313741375137613771378137913801381138213831384138513861387138813891390139113921393139413951396139713981399140014011402140314041405140614071408140914101411141214131414141514161417141814191420142114221423142414251426142714281429143014311432143314341435143614371438143914401441144214431444144514461447144814491450145114521453145414551456145714581459146014611462146314641465146614671468146914701471147214731474147514761477147814791480148114821483148414851486148714881489149014911492149314941495149614971498149915001501150215031504150515061507150815091510151115121513151415151516151715181519152015211522152315241525152615271528152915301531153215331534153515361537153815391540154115421543154415451546154715481549155015511552155315541555155615571558155915601561156215631564156515661567156815691570157115721573157415751576157715781579158015811582158315841585158615871588158915901591159215931594159515961597159815991600160116021603160416051606160716081609161016111612161316141615161616171618161916201621162216231624162516261627162816291630163116321633163416351636163716381639164016411642164316441645164616471648164916501651165216531654165516561657165816591660166116621663166416651666166716681669167016711672167316741675167616771678167916801681168216831684168516861687168816891690169116921693169416951696169716981699170017011702170317041705170617071708170917101711171217131714171517161717171817191720172117221723172417251726172717281729173017311732173317341735173617371738173917401741174217431744174517461747174817491750175117521753175417551756175717581759176017611762176317641765176617671768176917701771177217731774177517761777177817791780178117821783178417851786178717881789179017911792179317941795179617971798179918001801180218031804180518061807180818091810181118121813181418151816181718181819182018211822182318241825182618271828182918301831183218331834183518361837183818391840184118421843184418451846184718481849185018511852185318541855185618571858185918601861186218631864186518661867186818691870187118721873187418751876187718781879188018811882188318841885188618871888188918901891189218931894189518961897189818991900190119021903190419051906190719081909191019111912191319141915191619171918191919201921192219231924192519261927192819291930193119321933193419351936193719381939194019411942194319441945194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026Earth work and other leveling preparat98%Foundation footing work70%Retaining wall50%Sub-structure flooring0%RCC or MS Framed structure0%Masonry construction: Bricks, Concrete53%Plastering inside , outside & Ceiling42%Joinery: Doors, Windows, Ventilators e0%Basic work of Water supply, Sanitary a22%Dadoing, Skirting, Flooring, Tiles wor0%Railing and Grill fixing0%Electrification, Water supply and Sani50%Fire prevention and fire fighting fitt50%Weather Proof work50%Painting0%Elevation work0%Internal and External work including l50%today
Bars are the filed schedule; filled part is reported progress. Red = past its scheduled end and not complete.
No litigation declaredBorrowing declared: not statedEscrow at YES BANKOwners’ association: not formed

Complaint log (K-RERA) · 2 on this project

  • Mar 2026NON HAND OVER DELIVERY AND INTEREST ON DELAY PERIODopen
  • Dec 2023handover delivery and compensationdisposed
Complaints by status
Open / under enquiry
1
Disposed (Authority)
1

Red flags to resolve in writing

1
Timeline

Registration extended 3 times: original completion 2019-09-30, now 2025-12-31.

2
Timeline

RERA completion date 2025-12-31 has passed without a completion application.

Questions to put to the developer before you sign

  1. Share the latest CA Form 4 and architect Form 5 with the escrow deposit ratio.
  2. Confirm the price list, floor-rise and other charges for the exact unit.
  3. Which date is contractual — 2025-12-31 — and what is the per-month delay compensation?
  4. Confirm there is no litigation on the land or approvals beyond the RERA declaration.
  5. Is the land freehold with the developer, and is any part mortgaged?
Full record: every filed number, line by line2 sections · 12 items

RERA file · Registration

Registration
TOR/PRM/KA/RERA/1251/310/PR/200109/001521 · promoter ITALIX LIVING SPACES PVT LTD (Company) · EX/PRM/KA/RERA/1251/310/PR/200908/001521
Dates
Start 2016-03-15 · original completion 2019-09-30 · 3 extensions: Covid Extension → 2021-03-30, Section 6 Extension → 2020-09-30, Further Extension → 2025-12-31 · current date has passed
Progress
71% complete per quarterly filing Q3 2025-26 (submitted 2026-02-24) · 16 of 16 homes booked (0 available)
Registered cost
Total ₹492 cr · land ₹74.41 cr · construction ₹418 cr
RERA bank account
YES BANK, Kasturba Road (70% construction account)
Land & towers
2.48 acres (10,046 sq m) · Ozone Chamber 16 homes, 16 floors
Litigation declared
None declared in filings
K-RERA complaints
2 on this registration (1 open) · 27 on the promoter entity across all its projects
Owners’ association
Not yet formed
Completion applied
19/12/2020

Source: Karnataka RERA project record TOR/PRM/KA/RERA/1251/310/PR/200109/001521, fetched 2026-09-15. Figures are the promoter’s own filings.

Complaint log (K-RERA) · 2 on this project

2026-03-24 · 00290/2026
NON HAND OVER DELIVERY AND INTEREST ON DELAY PERIOD — UNDER ENQUIRY AUTHORITY BENCH5
2023-12-30 · 01895/2023
handover delivery and compensation — DISPOSED AUTHORITY BENCH5 (AUTHORITY)

Complaint subjects are as filed by complainants; a disposed complaint may have been decided either way.

Sources & caveats2 sources
  • Karnataka RERA project record TOR/PRM/KA/RERA/1251/310/PR/200109/001521 (registration file, quarterly updates, complaint register), fetched 2026-09-15
  • PropertyLens locality model (market-level estimates)
  • Karnataka RERA project records TOR/PRM/KA/RERA/1251/310/PR/200109/001521 (registration file, quarterly updates, complaint register), fetched Sep 2026.

Caveats. Automated analysis: prices, rents and travel times are estimates until listings and Maps data are verified. RERA figures are the promoter’s own filings. Nothing here is legal, tax or investment advice.

PropertyLens · property-lens.ai · Facts are transcribed from public records as filed by the promoter and the regulator; figures on RERA certificates are promoter numbers certified on unaudited books. Absence of a court case or insolvency filing in these sources is not proof that none exists. Verify title, approvals and encumbrances with a lawyer before you sign. Nothing here is legal, tax or investment advice.
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