Aurum PropTech Sells Non-Core Assets to Boost AI-Driven PropTech Platform
Aurum PropTech Ltd's share price surged by around 8.13 per cent on March 12, 2026, closing at Rs 177 during the session. This significant increase was triggered by the company's strategic move to sell 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. This transaction is part of Aurum PropTech’s strategy to exit non-core assets and focus more on scaling its AI-driven PropTech platforms.
The deal is estimated to be about 15 per cent higher than the valuation provided by independent valuers. 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 proceeds from the sale are expected to strengthen the company’s investment pool for artificial intelligence initiatives across the Real Estate ecosystem.
Aurum PropTech 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. This move is expected to enhance the company's financial health and provide more flexibility for future investments in its AI-driven platforms.
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. These platforms 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. The company’s strategic focus on AI and technology is expected to drive further growth and innovation in the real estate sector.
This strategic move to divest non-core assets and reinvest in AI-driven technologies is a significant step towards strengthening Aurum PropTech's position in the highly competitive PropTech market. By focusing on its core strengths and leveraging advanced technologies, the company aims to create a more efficient and transparent real estate ecosystem.
