JORA Developments has begun construction of its iXORA Residence project in October Gardens, while also launching the third phase of the residential development.
Atef Morsi, Chairperson of JORA Developments, said construction commenced following the completion of the project’s regulatory procedures. He added that the company aims to complete and deliver the project within 30 months. Located on Ahmed Zewail Road in October Gardens, the development spans approximately 43,000 sqm.
Morsi noted that the company has paid nearly 80% of the land value and secured a significant portion of the construction materials required for the project.
The development includes residential units ranging from 111 to 173 sqm, in addition to a 1,500 sqm area designated for commercial, administrative, and medical services.
Ahmed Adel, Chief Commercial Director at JORA Developments, said the company obtained the necessary approvals, including the ministerial decree and building permit, before commencing construction.
He added that the project will feature facilities such as swimming pools, a mosque, cycling lanes, underground parking, and internal roads.
JORA Developments has also launched the project’s third phase, offering payment plans starting from a 5% down payment with installments of up to eight years.
According to the company, JORA has delivered 75 standalone projects serving more than 1,500 customers over the past 15 years.
Mohamed Hafez, Founder of Hafez Consultants and the project’s architectural designer, said the master plan emphasizes open spaces and efficient use of residential areas in line with contemporary architectural standards.
