Adani Realty in talks to acquire Ozone Group for $1 billion

18 Dec 2021 CW Team

Adani Realty is in talks to acquire Indian developer Ozone Group at an enterprise value of around $1 billion, as per the people aware of the matter.

Adani Realty Limited aims to acquire the Bengaluru-based Ozone, which has an outstanding debt of over Rs 60 billion. Ozone has ongoing projects in Bengaluru, Chennai and Mumbai, as per the information available on its website.

As part of this deal, Adani’s 10-year-old developer arm will be acquiring the debt of Ozone which has been struggling to repay creditors. Ozone has supplied 13.5 million sq ft of real estate projects so far and has 48 million sq ft in different stages of development.

The closely-held real estate arm of the ports-to-power group, run by Asia’s second-richest person, will look for more stressed real estate firms and land parcels, they said, to expand the business rapidly. Adani Realty has been constructing residential and commercial projects of over 69 million sq ft across Indian cities of Mumbai, Ahmedabad, Kochi, Mundra, Gurgaon, as per the group website.

Image Source

Infrastructure Urban

29 Oct 2025

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..