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Ozone Group to bring luxury island living in Goa, India

Nandini Rathi / July 1, 2013

Capao island luxury villas

The depreciating rupee hasn’t dampened the high spirits of India’s super rich. The cash rich Indians continue to spend on luxury living like never before. And luxury real estate continues to be one of the most popular indulgences of the nouveau rich and the growing middle class in the country. The luxury real estate developers are coming up with elite homes with state-of- art amenities to lure the upper class known for spending millions on palatial homes around the world, including London and Dubai. Now, Bangalore-headquartered Ozone Group developers have taken it up a notch with its island villas project to match the Palm Islands in Dubai.

The Ozone Group has purchased 156 acres of land on Capao Island located along the Mandovi River in Goa at a cost of Rs 200 crore to build this dream project. ”We are planning an extremely low-density, ultra-luxury residential-cum-hospitality development that would cost approximately Rs 1,000 crore,” said S Vasudevan, MD, Ozone Group. The plan features a 100 key resort, spa and 80-100 private villa residences with all amenities on 150 acres of Capao Island. The total island is about 180 acres of which a small part will continue to be inhabited by local residents.

 

 

Capao Island

Features: -

The first of its kind island development comprises of a hotel, luxury villas, and a private marina to dock yachts.

Price: The branded villa residences could sport a price tag of Rs 20 crore or more.

Other Premium Real Estates in India: -

Besides this proposed island project, we have earlier told you about Mumbai’s real estate project by Wadhwa Group that boasts floating balcony pools. Besides, Mumbai is also home to the world’s first billion dollar home owned “Antilla” owned by India’s richest man, Mukesh Ambani.

A while back, YES Bank CEO Rana Kapoor reportedly bought a residential building for Rs 128 cr to build his own home next to Mukesh Ambani’s Antilla.

Via: ET

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