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.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Blue Dart Unveils 10-Minute Digital Account Opening

Blue Dart Express has introduced its new Digital Account Opening (DAO) platform, enabling businesses across India to open shipping accounts and begin operations within just 10 minutes. The platform features a five-step digital onboarding process, allowing companies to register, complete KYC verification, sign agreements, and recharge prepaid cards quickly and securely. Through the DAO Journey, users can create a profile, select a suitable plan, complete Aadhaar-enabled digital signing, and immediately start shipping with a Digital Prepaid Card. All account activities are tracked in real time..