Thursday, December 18, 2008

Triveni Group holds ground-breaking for La Fontana

La Fontana di Triveni apartments DubaiThe Dubai-based developer, Triveni Builders and Promoters Limited (TBPL), a wholly-owned subsidiary of the Triveni Trading Group, held the ground-breaking ceremony of its Dh.100mn middle-income residential building, La Fontana.

The six-storey low rise building is located in the Arjan Master Community in Dubailand, and is considered 'one-of-a-kind community' which promotes greenery, nature, and a amenity-rich lifestyle that prioritizes family.

The development is located within a short distance from the Mall of Emirates, the Gold and Diamond Park, and the Global Village. La Fontana is targeted towards investors seeking guaranteed and best rental returns, in case they decide not to move into their new home immediately on gaining possession.

The units are priced in the range of Dh.498,600(starting price for studios) to Dh.1,315,900 (for double bedroom). The new homes would be ready for delivery by 2010, despite the current slowdown in property market, the officials confirmed.

La Fontana offers a range of finance options to individual buyers and investors, in co-operation with Mashreq Bank and HSBC, and Badr Al-Islami Bank for Islamic financing.

Being part of the Arjan Master community, La Fontana includes residences, parks, schools, hotels, offices, retails and community spaces meant for leisure pursuits.

Mizin, the subsidiary of Dubai Holdings, and a member of Tatweer is the master developer of the project, and Arkiplan Consulting Engineers are the project designers.

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