Triveni Builders and Promoters Ltd (TBPL), a Dubai-based developer wholly-owned by the Triveni Trading Group, announced yesterday that it has broken ground on the Dh100 million, middle-income residential building, La Fontana. The six-storey low-rise building located in the Arjan Master Community in Dubailand.

The groundbreaking ceremony was attended by Jaffer Abdulla Abdule, sponsor and partner of Triveni Group of Companies and in addition to more than 60 homebuyers.

"This is a project promoted by a tenant for tenants. We are very pleased to have genuine end users as our buyers, who look at La Fontana as a sound and a long-term investment. The project was delayed by a few months to match the master developer's requirements. However, now that the construction has begun, we shall work continuously to ensure timely completion of the project," said Ashok J Galgotia, CEO of Triveni Builders and Promoters Limited. "This is our pledge to all who are keen on moving into their new homes by mid-2010 that despite the current slowdown in the real estate market, we are committed as ever."

Mizin, a member of Tatweer - a subsidiary of Dubai Holdings - is the project's master developer, while Arkiplan Consulting Engineers is the project's master designer.