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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code