Neoterra Developments breaks ground on ELMORA at Jumeirah Garden City

02 Apr 2026 CW Team

ELMORA, valued at approximately AED 130 million in gross development value (GDV), is being developed in collaboration with GRID, which has been appointed as the project’s Development Lifecycle Management (DLM) partner. Located just off Sheikh Zayed Road, the development offers studio, one-bedroom, and two-bedroom apartments, with nearly 80 per cent of the units already sold.

Mr. Naresh Perwani, Founder and Chairman, Neoterra Developments, said: “The groundbreaking of ELMORA at Jumeirah Garden City signals a significant step forward in our growth strategy as we accelerate our footprint in Dubai. ELMORA reflects our long-term vision to create boutique, design-led residences in prime yet evolving urban districts of the city, aligned with Dubai’s vision for next-generation urban communities.”

He added: “Rooted in Neoterra’s philosophy of ‘Luxury Done Thoughtfully’, ELMORA is envisioned to seamlessly integrate architecture, smart technology, and functionality to enhance modern city living.”

Mr. Shreen R. Gupta, Founder and CEO, GRID, said: “The vision for this iconic project was set by Neoterra’s leadership to create a truly one-of-a-kind residential development in the neighbourhood, defined by quality, excellence, and thoughtful design. Our role is to translate that vision from concept to keys.”

ELMORA will feature 85 fully furnished residences. Studios and one-bedroom apartments are sold out, while limited two-bedroom units remain available starting from AED 1.7 million.

The project is positioned minutes from DIFC and close to the AED 100 billion DIFC 2.0 expansion. Amenities include an infinity lap pool, rooftop lounge, jogging track, gym, sauna suites, concierge services, and sustainability features such as EV-ready parking and energy-efficient systems.

Neoterra Developments has officially commenced construction of its upscale residential tower, ELMORA, at Jumeirah Garden City following a groundbreaking ceremony held in Dubai. The developer confirmed that the project is scheduled for completion in February 2028 and also announced its next residential development in Dubai Production City, which is expected to be launched in Q2 2026.ELMORA, valued at approximately AED 130 million in gross development value (GDV), is being developed in collaboration with GRID, which has been appointed as the project’s Development Lifecycle Management (DLM) partner. Located just off Sheikh Zayed Road, the development offers studio, one-bedroom, and two-bedroom apartments, with nearly 80 per cent of the units already sold.Mr. Naresh Perwani, Founder and Chairman, Neoterra Developments, said: “The groundbreaking of ELMORA at Jumeirah Garden City signals a significant step forward in our growth strategy as we accelerate our footprint in Dubai. ELMORA reflects our long-term vision to create boutique, design-led residences in prime yet evolving urban districts of the city, aligned with Dubai’s vision for next-generation urban communities.”He added: “Rooted in Neoterra’s philosophy of ‘Luxury Done Thoughtfully’, ELMORA is envisioned to seamlessly integrate architecture, smart technology, and functionality to enhance modern city living.”Mr. Shreen R. Gupta, Founder and CEO, GRID, said: “The vision for this iconic project was set by Neoterra’s leadership to create a truly one-of-a-kind residential development in the neighbourhood, defined by quality, excellence, and thoughtful design. Our role is to translate that vision from concept to keys.”ELMORA will feature 85 fully furnished residences. Studios and one-bedroom apartments are sold out, while limited two-bedroom units remain available starting from AED 1.7 million.The project is positioned minutes from DIFC and close to the AED 100 billion DIFC 2.0 expansion. Amenities include an infinity lap pool, rooftop lounge, jogging track, gym, sauna suites, concierge services, and sustainability features such as EV-ready parking and energy-efficient systems.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

Infrastructure Transport

02 Apr 2026

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Technology

02 Apr 2026

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..