Aurum PropTech Acquires PropTiger from REA India for Rs 860.45 Mn
Real Estate

Aurum PropTech Acquires PropTiger from REA India for Rs 860.45 Mn

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.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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.

Next Story
Resources

IGBC Launches 32nd Chapter in Ranchi to Drive Green Building Growth

The CII Indian Green Building Council (IGBC) has launched its 32nd Chapter in Ranchi to accelerate Jharkhand’s transition towards sustainable and resilient urban infrastructure. The launch event, held on September 6 at Radisson Blu Hotel, brought together government officials, industry leaders, and sustainability experts. Sunil Kumar, IAS, Principal Secretary, Urban Development & Housing Department, Government of Jharkhand, said, “The launch of the IGBC Ranchi Chapter marks a significant step in Jharkhand’s urban development journey. The state is committed to creating a policy e..

Next Story
Real Estate

Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust. Key achievements over five years include: Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments. Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent. Cumulative distribution of Rs 55.9 billion to unitho..

Next Story
Real Estate

Great Value Realty Secures RERA Nod for Ultra-Luxury Ekanam Project

Great Value Realty, one of North India’s most trusted developers, has received RERA approval for its flagship ultra-luxury residential project, Ekanam (RERA No. UPRERAPRJ15109/2019). The announcement was made during the Great Partners Meet at Noida. Built on the only available land parcel in Sector 107, Noida, Ekanam embodies the company’s philosophy, “Great is the New Norm,” promising excellence in design, quality, and sustainable community living. With seamless connectivity to Noida Expressway, DND Flyway, metro stations, and proximity to the upcoming Jewar Airport, the project ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?