Aurum PropTech Acquires PropTiger from REA India for Rs 860.45 Mn

26 Jul 2025 CW Team

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.

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..