Business Update21 May 2026, 01:41 pm
Aurum PropTech Becomes Debt-Free After ₹112 Cr Sale
AI Summary
Aurum PropTech Ltd has become debt-free following the sale of Buildings Q5 and Q6 for ₹112 Crores. The proceeds were used to fully prepay the Lease Rental Discounting (LRD) facility. Surplus capital will be deployed to build advanced AI capabilities across its Rental, Distribution and Capital segments, aiming to redefine real estate transactions in India.
Key Highlights
- Aurum PropTech successfully sold Buildings Q5 and Q6 for ₹112 Crores.
- The company has fully prepaid its Lease Rental Discounting (LRD) facility, becoming debt-free.
- Surplus capital will be invested in developing advanced AI capabilities for the real estate sector.
- The company aims to leverage AI to improve tenant acquisition, predictive analytics, and leasing workflows.
- Aurum PropTech's platforms include NestAway, Helloworld, PropTiger, Sell.do, and Aurum Analytica.
Price Impact
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