Technology-Driven Real Estate Platform Sells Non-Core Assets to Scale AI-Driven PropTech
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Aurum PropTech Surges 8 per cent Following Board Approval for Rs 112 Crore Asset Sale in Navi Mumbai
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The share price of Aurum PropTech Ltd surged by around 8.13 per cent on March 12, 2026, with the stock closing at Rs 177 during the session. The stock moved higher after the company announced a strategic development related to the sale of certain assets as part of its business restructuring plan.
The company’s board has approved the sale of Buildings Q5 and Q6 at Millennium Business Park in Navi Mumbai for around Rs 112 crore. The transaction is part of the company’s strategy to exit non-core assets and focus more on its AI-led PropTech platform.
Aurum PropTech Exits Non-Core Assets to Strengthen AI-Led PropTech Strategy
Aurum PropTech announced that its board has approved the sale of Buildings Q5 and Q6 at Millennium Business Park in Navi Mumbai for a total consideration of around Rs 112 crore. The deal is estimated to be about 15 per cent higher than the valuation provided by valuers.
Transaction is part of Aurum PropTech’s strategy to exit non-core assets and focus on scaling its AI-driven PropTech platforms. The proceeds from the sale are expected to strengthen the company’s investment pool for artificial intelligence initiatives across the Real Estate ecosystem.
The assets have an approximate book value of Rs 27 crore, and the transaction is expected to generate a substantial profit for the company. The company also plans to use part of the proceeds to repay its Lease Rental Discounting (LRD) facility of about Rs 56 crore, which is expected to make the company debt-free after the transaction.
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Add NowAbout the Company
Aurum PropTech Limited is a technology-driven real estate platform focused on building a digital ecosystem for the property sector. The company aims to bring transparency, efficiency, and data-driven solutions to the real estate industry through its integrated PropTech platforms.
The company operates several technology platforms across the real estate value chain. These include NestAway Technologies, a rental marketplace that helps property owners find tenants and manage properties, Aurum Analytica, a data analytics platform for real estate developers, Sell.do, a sales automation and digital transformation platform for real estate businesses, and PropTiger.com, a digital real estate transaction and advisory platform.
Aurum PropTech Limited has a market capitalisation of around Rs 1,284 crore. The company reports a book value of about Rs 67.8 per share, while the stock trades at a price-to-sales (P/S) ratio of around 3.82.
Disclaimer: The article is for informational purposes only and not investment advice