Aurum PropTech has acquired 100 per cent equity in home brokerage platform PropTiger Marketing Services India from REA India in an all-stock deal valued at Rs 860.45 million. The acquisition is part of Aurum’s broader strategy to strengthen its footprint across the real estate technology ecosystem.

In a regulatory filing dated July 23, Aurum announced that its Board had approved the preferential allotment of 42,42,537 equity shares (face value Rs 5) to REA India Pte, Singapore, in consideration for the acquisition.

As part of the agreement, REA India will receive a 5.5 per cent equity stake in Aurum PropTech in exchange for PropTiger’s ownership.

Founded in 2011 by Dhruv Agarwala, PropTiger reported a turnover of Rs 1.93 billion in FY 2023–24. The platform was part of REA India, which also owns Housing.com. REA Group, the parent of REA India, had acquired a controlling interest in both PropTiger and Housing.com in 2020.

REA India recently appointed Praveen Sharma as CEO following the resignation of Dhruv Agarwala earlier this year. Commenting on the transaction, Agarwala said, “We believe this alignment sets the stage for long-term growth. Aurum is the right partner for PropTiger and I’m confident it will thrive under their stewardship.”

REA India CEO Praveen Sharma added, “This agreement sharpens our focus on Housing.com’s digital offerings while unlocking PropTiger’s potential under Aurum’s leadership.”

Aurum PropTech, a listed proptech company in India, offers a portfolio of real estate-focused digital solutions. The acquisition comes shortly after Aurum received SEBI approval to launch its Small and Medium Real Estate Investment Trust (SM-REIT), further underlining its commitment to transforming the real estate journey.