PropertyLensBengaluru · invest
Financial & legal due diligence · public record · 18 Oct 2026
Ozone Polestar
Ozone Group · Hebbal / Thanisandra / Nagawara · Sy no 78/5, Nagavara Village, Kasaba Hobli, Bangalore north taluk, Bangalore
Promoter entityOzone Realtors Private Limited
Entity type · PANCompany · AABCO0606J
Developer brandOzone Group · #51 in Bengaluru by RERA registrations
RERA registrationsRegistration: PRM/KA/RERA/1251/309/PR/171015/000386
Planning authorityBBMP - Bruhat Bengaluru Mahanagara Palike
Sanctioned plannot filed
Escrow bankHDFC, Ulsoor Road
Land1.39 acres
Court cases declared0
Complaints at K-RERA28 on this project · 28 on the promoter
Record fetchedSep 2026
4 red flags0 to watch2 positive
Automated from the Karnataka RERA file PRM/KA/RERA/1251/309/PR/171015/000386. 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 PRM/KA/RERA/1251/309/PR/171015/000386. 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.
4 red0 watch2 positive
Delivery timeline5/10
1 extension on the registration (−2); a registration completion date has already passed (−2)
Legal & complaints6/10
28 RERA complaints on the project (−3)
Money to finish8/10
finance cost is 0% of the registered budget
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
PRM/KA/RERA/1251/309/PR/171015/000386 · Ozone Realtors Private Limited
Construction24%
registration-time status
Collected (at registration)₹42.0 L
Spent₹17.58 Cr
Balance with promoter₹0
Delay declaredNo
No litigation declared28 complaints · 0 openEscrow: HDFC
Credit ratings of the people behind it
No public credit rating located for the promoter.
Ozone Realtors Private Limited: no public rating located
Complaints & disputes on record
On this project280 open
On the promoter entity28all projects
Court cases declared0no stay recorded
What complainants raise
- Refund of Rs.93,80,772/- by the respondent No.10 to 3 to the complainant
- Complaint due to delayed and incomplete project
- Refund of Rs. 45,58,140/- from the respondent No.1 to 3 to the complainant.
- Direct the Respondent No.1 to 3 to refund Rs.41,05,872 along with interest to the Complain
At a glance
Registration extended 1×
Registration extended 1× — from 2021-03-31 to 2021-12-31 (already passed)
24% built
24% built per the latest filing
28 RERA complaints, 0 open
28 RERA complaints on this project (0 open); 28 on the promoter overall
No litigation declared
No litigation declared in RERA filings
The record, in pictures
RERA file · Registration
Registered project cost ₹73.08 cr — where it goes
Land ₹17.6 cr · 24%Construction & on-site ₹55.5 cr · 76%
No litigation declaredBorrowing declared: not statedEscrow at HDFC
Complaint log (K-RERA) · 28 on this project
- Mar 2025Refund of Rs.93,80,772/- by the respondent No.10 to 3 to the complainantdisposed
- Jan 2025Complaint due to delayed and incomplete projectdisposed
- Dec 2024Refund of Rs. 45,58,140/- from the respondent No.1 to 3 to the complainant.disposed
- Sep 2024Direct the Respondent No.1 to 3 to refund Rs.41,05,872 along with interest to the Complainantdisposed
- Apr 2024Ozone Group not refunding the booking amount after cancellation of propertydisposed
- Mar 2024Refund of Rs.35,12,255 paid by Complainants to Respondentdisposed
- Jan 2024Refund of Rs.53,44,160 along with interestdisposed
- Jan 2024Refund of Rs.54,82,288/-disposed
- Jan 2024Refund of Rs.53,09,271/- along with interest.disposed
- Jan 2024Refund of Rs.36,48,838/-disposed
- Nov 2023Refund of Rs.62,94,744/-disposed
- Aug 2023Refund the entire amount of Rs.43,11,021/- along with interestdisposed
Red flags to resolve in writing
1
Timeline
RERA completion date 2021-12-31 has passed without a completion application.
2
Timeline
28 K-RERA complaints on this registration.
Questions to put to the developer before you sign
- Share the latest CA Form 4 and architect Form 5 with the escrow deposit ratio.
- Confirm the price list, floor-rise and other charges for the exact unit.
- Which date is contractual — 2021-12-31 — and what is the per-month delay compensation?
- Confirm there is no litigation on the land or approvals beyond the RERA declaration.
- Is the land freehold with the developer, and is any part mortgaged?
Full record: every filed number, line by line2 sections · 35 items
RERA file · Registration
Registration
PRM/KA/RERA/1251/309/PR/171015/000386 · promoter Ozone Realtors Private Limited (Company) · Proposed Project End Date at the time of registration :
Dates
Start 2017-05-15 · original completion 2021-03-31 · 1 extension: Covid Extension → 2021-12-31 · current date has passed
Progress
24% complete per registration-time status
Registered cost
Total ₹73.08 cr · land ₹17.58 cr · construction ₹55.50 cr
RERA bank account
HDFC, Ulsoor Road (70% construction account)
Money at registration
collected ₹0.42 cr · used ₹17.58 cr · balance ₹0.00 cr · delay declared: No
Land & towers
1.39 acres (5,622 sq m) · Tower 1 50 homes, 12 floors; Tower 2 50 homes, 12 floors
Litigation declared
None declared in filings
K-RERA complaints
28 on this registration (0 open) · 28 on the promoter entity across all its projects
Completion applied
19/12/2020
Source: Karnataka RERA project record PRM/KA/RERA/1251/309/PR/171015/000386, fetched 2026-09-15. Figures are the promoter’s own filings.
Complaint log (K-RERA) · 28 on this project
2025-03-06 · 00380/2025
Refund of Rs.93,80,772/- by the respondent No.10 to 3 to the complainant — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2025-01-17 · 00128/2025
Complaint due to delayed and incomplete project — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2024-12-31 · 01373/2024
Refund of Rs. 45,58,140/- from the respondent No.1 to 3 to the complainant. — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2024-09-12 · 00878/2024
Direct the Respondent No.1 to 3 to refund Rs.41,05,872 along with interest to the Complainant — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
2024-04-02 · 00352/2024
Ozone Group not refunding the booking amount after cancellation of property — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2024-03-30 · 00339/2024
Refund of Rs.35,12,255 paid by Complainants to Respondent — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2024-01-20 · 00098/2024
Refund of Rs.53,44,160 along with interest — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2024-01-20 · 00099/2024
Refund of Rs.54,82,288/- — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2024-01-20 · 00100/2024
Refund of Rs.53,09,271/- along with interest. — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2024-01-19 · 00086/2024
Refund of Rs.36,48,838/- — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-11-17 · 01725/2023
Refund of Rs.62,94,744/- — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-08-16 · 01247/2023
Refund the entire amount of Rs.43,11,021/- along with interest — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-06-28 · 01019/2023
Refund of the entire amount of Rs.33,22,384/- paid by the complainant. — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-06-01 · 00870/2023
Refund of the entire amount of Rs.43,87,989/- paid by the complainants — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-05-12 · 00732/2023
Refund of the Entire amount of Rs.4117232/- — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2023-03-23 · 00364/2023
Refund of the Entire Amount of Rs.38,84,090/- paid by Complainant — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2022-12-30 · CMP/221230/0010588
Refund of Amount paid by the complainant to the Respondent along with compensation due to non completion of apartment and non delivery of the same . — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2022-10-10 · CMP/221010/0010070
Refund of amount paid by the complainant to the respondent along with compensation because of non completion of apartment project and non delivery of the same — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2022-10-07 · CMP/221007/0010054
Refund of amount paid by the complainant to the respondent along with compensation because of non completion of apartment project and non delivery of the same — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2022-09-02 · CMP/220902/0009971
Refund with Compensation and Bank Loan EMIs — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2022-08-24 · CMP/220824/0009933
refund, breach, exit from project,compensation — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2022-07-15 · CMP/220715/0009755
REFUND OF AMOUNT AND COMPENSATION — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2022-06-24 · CMP/220624/0009677
Refund with interest and closure of loan with Indiabulls — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2022-06-07 · CMP/220607/0009600
Refund of Amount paid by the complainant to the Respondent along with compensation due to non completion of apartment and non delivery of the same . — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
2022-01-21 · CMP/220121/0008845
compensation for delay and breach of agreement terms and conditions — DISPOSED AUTHORITY BENCH6 (AUTHORITY)
Showing the latest 25 of 28.
Sources & caveats2 sources
- Karnataka RERA project record PRM/KA/RERA/1251/309/PR/171015/000386 (registration file, quarterly updates, complaint register), fetched 2026-09-15
- PropertyLens locality model (market-level estimates)
- Karnataka RERA project records PRM/KA/RERA/1251/309/PR/171015/000386 (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.