Neoterra begins ELMORA construction in Dubai

10 Apr 2026 CW Team

Neoterra Developments has commenced construction of ELMORA at Jumeirah Garden City, marking a key milestone in its Dubai expansion strategy, while also announcing a new residential project in Dubai Production City slated for launch in Q2 2026.

The upscale residential tower, with a gross development value of approximately AED 130 million, comprises 85 fully furnished units, including studios, one- and two-bedroom apartments. Nearly 80 per cent of the inventory has already been sold, with studios and one-bedroom units fully booked.

Strategically located off Sheikh Zayed Road, the project offers proximity to major hubs such as the Dubai International Financial Centre and the upcoming DIFC 2.0 expansion.

Developed in collaboration with GRID, ELMORA integrates architecture, smart technology and hospitality-led services, including concierge offerings, rooftop business lounge, infinity pool and landscaped podium gardens.

Commenting on the milestone, Naresh Perwani, Founder and Chairman, Neoterra Developments, said, “The groundbreaking of ELMORA… signals a significant step forward in our growth strategy as we accelerate our footprint in Dubai.”

Scheduled for completion in February 2028, the project incorporates sustainability features such as EV-ready parking, solar-control glazing and energy-efficient systems, aligning with Dubai’s evolving urban development vision.

Infrastructure Urban

10 Apr 2026

Güntner Showcases Cooling Tech at China Expo

Güntner showcased its latest refrigeration and air conditioning innovations at China Refrigeration 2026, highlighting digital intelligence and carbon-neutral solutions.The company presented its aicore™ Controls and IoT platform, designed to optimise energy consumption, enable remote monitoring and enhance lifecycle management of cooling systems. The solution integrates advanced controllers and cloud-based capabilities to improve operational efficiency and reduce energy use.Güntner also demonstrated advancements in heat pump technologies, including its role in projects such as the Ordos Zer..

Superb Realty Ties Up with Praan for AI Air Tech

Superb Realty has partnered with Praan to deploy AI-powered autonomous air infrastructure across over one million sq ft of real estate in Mumbai, marking a significant move towards intelligent indoor environments.The rollout will begin at Superb Altura and expand across upcoming residential and mixed-use developments. The initiative aims to integrate real-time sensing, adaptive purification and AI-led optimisation to improve indoor air quality and occupant experience.Praan’s technology is designed to remove ultrafine particles significantly smaller than conventional systems and eliminate har..

DAAKit Raises $138,000 in Pre-Seed Round

DAAKit has raised $138,000 in a pre-seed funding round led by Inflection Point Ventures to expand its hyperlocal fulfilment network and strengthen technology capabilities.The company plans to use the funds to launch 25 new dark stores across Tier I and Tier II cities, enhance its technology infrastructure, and expand its leadership and operations teams. Currently operational in Delhi, Gurugram, Mumbai, Bengaluru and Kolkata, DAAKit is also piloting expansion into Tier II markets through Lucknow.Built on an asset-light, technology-driven model, the platform enables brands to position inventory ..