Aurum PropTech bags 53% stake in Grexter Housing for Rs 27 cr

09 Feb 2022 CW Team

Aurum PropTech Limited, formerly known as Majesco, approved acquiring a 53% equity stake in Grexter Housing Solutions for Rs 27 crore.

Grexter Living will use this capital to expand its business in co-living space.The company aims to strengthen product offerings by improving its technology platform and focusing on engagement in co-living spaces.

The company uses the technology platform TheHouseMonk, a product of Aurum PropTech Group Company.

CEO and Founder of Aurum Ventures, Ashish Deora, said that Grexter Living is a strategic fit in the company's Connected Living Segment of Integrated PropTech Ecosystem.This acquisition will continue the company's inorganic growth spree of building products and services in the Aurum PropTech value chain. With its SaaS products, the company will add to the real estate business as a Service RaaS business.

After the acquisition of Aurum PropTech by Aurum Ventures last year in June, it gained control of SaaS-based technology firms, K2V2 Technologies Private Limited and Monk Tech Labs. It has also invested in Intergrow Asset Management Private Limited.

CEO and Co-founder of Grexter Living, Pratul Gupta, said that the Integrated PropTech ecosystem would catalyse the company's co-living business, along with funds influx it will accelerate the growth at Grexter Living.

He said the company creates community experiences in its spaces, which is now crucial for rental real estate consumers post Covid-19 pandemic.

He added that the company plans to expand and become the largest co-living operator across India in the next 18-24 months.

Co-living spaces are suitable for working professionals between 22-30 years of age. According to a report, connected living spaces and shared spaces are expected to increase their market share through co-living and co-working.

Real estate has transformed with millennial behavioural patterns and growth in the Information Technology-information technology enabled services (IT-ITES) sector. Both the owners and tenants face conventional challenges by co-living and co-working companies.

Image Source

Also read: 360 Realtors to acquire 2 lakh sq ft of commercial and retail space

Aurum PropTech Limited, formerly known as Majesco, approved acquiring a 53% equity stake in Grexter Housing Solutions for Rs 27 crore. Grexter Living will use this capital to expand its business in co-living space.The company aims to strengthen product offerings by improving its technology platform and focusing on engagement in co-living spaces. The company uses the technology platform TheHouseMonk, a product of Aurum PropTech Group Company. CEO and Founder of Aurum Ventures, Ashish Deora, said that Grexter Living is a strategic fit in the company's Connected Living Segment of Integrated PropTech Ecosystem.This acquisition will continue the company's inorganic growth spree of building products and services in the Aurum PropTech value chain. With its SaaS products, the company will add to the real estate business as a Service RaaS business. After the acquisition of Aurum PropTech by Aurum Ventures last year in June, it gained control of SaaS-based technology firms, K2V2 Technologies Private Limited and Monk Tech Labs. It has also invested in Intergrow Asset Management Private Limited. CEO and Co-founder of Grexter Living, Pratul Gupta, said that the Integrated PropTech ecosystem would catalyse the company's co-living business, along with funds influx it will accelerate the growth at Grexter Living. He said the company creates community experiences in its spaces, which is now crucial for rental real estate consumers post Covid-19 pandemic. He added that the company plans to expand and become the largest co-living operator across India in the next 18-24 months. Co-living spaces are suitable for working professionals between 22-30 years of age. According to a report, connected living spaces and shared spaces are expected to increase their market share through co-living and co-working. Real estate has transformed with millennial behavioural patterns and growth in the Information Technology-information technology enabled services (IT-ITES) sector. Both the owners and tenants face conventional challenges by co-living and co-working companies. Image Source Also read: 360 Realtors to acquire 2 lakh sq ft of commercial and retail space

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Infrastructure Urban

11 Mar 2026

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

Infrastructure Urban

11 Mar 2026

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..