🧾 The Crackdown on Ozone Urbana Infra Developers
The Enforcement Directorate (ED) has provisionally attached immovable properties worth ₹423.38 crore belonging to Ozone Urbana Infra Developers Pvt. Ltd. and its promoter S. Vasudevan under the Prevention of Money Laundering Act (PMLA), 2002.
This enforcement follows investigations into one of Bengaluru’s biggest real-estate fraud cases, involving the Ozone Urbana township project near Devanahalli, where hundreds of homebuyers were left stranded after paying crores in advance for undelivered homes.
⚖️ How the Investigation Began
Multiple FIRs were filed across Bengaluru police stations accusing the developer of cheating, criminal conspiracy, and breach of trust under IPC Sections 419, 420, and 120B.
The CBI also filed a case, leading to a money-laundering probe by the ED, which discovered massive diversion of funds collected from homebuyers. The ED alleges the company and its promoters misused investor money through shell firms and related entities.
💰 ₹927 Crore Misused — The Scale of Fraud
The ED report claims that Ozone Urbana’s promoters collected approximately ₹927 crore from homebuyers but used only a fraction of it for construction.
The rest was diverted into personal accounts and other businesses, camouflaged through fake transactions. These activities classify as “proceeds of crime” under PMLA provisions.
🏠 The Assets Frozen by ED
The ED’s provisional attachment order covers:
- 92 unsold flats in Ozone Urbana Avenue
- 13 flats in Ozone Urbana Aqua 2
- 4.5 acres of commercial land
- 179 acres of farmland in Chikkamagaluru owned by S. Vasudevan and his wife
These assets, worth ₹423.38 crore, cannot be transferred or sold pending adjudication.
🔍 Raids and Key Findings
On August 1, 2025, the ED raided 10 locations linked to the company across Bengaluru and Karnataka.
Documents and digital records recovered during the search revealed layered fund diversion and evidence of fake accounting trails.
Officials stated that this step was essential to safeguard the interests of defrauded homebuyers and to prevent further dissipation of assets.
🏗️ Fallout for Homebuyers
Thousands of Ozone Urbana buyers have been awaiting possession for years. Many have taken the battle to Karnataka RERA and civil courts, while others gave up after long legal delays.
For many families, this ED action feels like long-overdue recognition of their struggle and the first sign of accountability.
⚠️ Investor Advisory
This is not a mere builder delay — it’s a criminal money-laundering case under federal investigation.
Before investing anywhere, always perform a RERA check, Patta & EC verification, and seek a legal opinion to ensure the project’s legitimacy.
Use Verified.RealEstate tools such as RERA Project Check, Title Verification, and Legal Opinion Service to verify every claim before you buy.
✅ The Bottom Line
The Ozone Urbana Infra Developers case is a stark reminder that marketing claims don’t equal legal safety.
When a project lands under the ED’s radar, it’s no longer about construction delays — it’s about financial crime and buyer protection.
True security in property ownership begins with government-verified documents, not glossy brochures