Aurum PropTech Exits Non-Core Assets for INR 112 Crores, Builds War Chest to Scale AI-Led PropTech
Aurum PropTech Limited announced the sale of Buildings Q5 and Q6 at Millennium Business Park, Navi Mumbai, for a total consideration of INR 112 Crores. This transaction is part of Aurum's strategic shift toward AI-driven PropTech platforms, with the company committing significant capital toward building advanced artificial intelligence capabilities. The proceeds from the transaction will strengthen Aurum’s growing AI investment pool and support the accelerated development of intelligent digital infrastructure for the real estate sector. The sale will generate a substantial profit, enhancing the Group’s profitability metrics and strengthening its balance sheet. Following the completion of the transaction, Aurum PropTech is expected to become debt-free.
Key Highlights
- Aurum PropTech to deploy AI across its core segments of Rental, Distribution and Capital
- AI to enhance tenant acquisition, enable dynamic pricing, improve property management, and automated leasing processes in rental housing segment
- In real estate distribution, AI will power property discovery, lead analytics, and sales automation
- Transaction is expected to be completed by June 30, 2026, subject to regulatory approvals
- Aurum PropTech to become debt-free following the transaction