Mumbai, Mar 12: Aurum PropTech Limited announced that its Board of Directors has approved the sale of Buildings Q5 and Q6 at Millennium Business Park, Navi Mumbai, for a total consideration of INR 112 Crores, approximately 15% above the valuation provided by the valuers.
The transaction forms part of Aurum PropTech’s broader strategic shift toward AI-driven PropTech platforms, with the company committing significant capital toward building advanced artificial intelligence capabilities across the real estate ecosystem. The proceeds from the transaction will further strengthen Aurum’s growing AI investment pool and support the accelerated development of intelligent digital infrastructure for the real estate sector.
The assets have a approximate book value of INR 27 Crores, and the transaction will generate a substantial profit, thereby enhancing the Group’s profitability metrics and strengthening its balance sheet.
Following the completion of the transaction, Aurum PropTech is expected to become debt-free, as the sale proceeds will be utilized to prepay Lease Rental Discounting facility (LRD) of INR 56 crores.
The transaction is expected to be consummated by June 30, 2026, subject to the receipt of necessary regulatory approvals.
Onkar Shetye, Executive Director of Aurum PropTech Limited, said:
“Aurum plans to deploy artificial intelligence across its core segments of Rental, Distribution and Capital. AI will enhance tenant acquisition, enable dynamic pricing, improve property management, and automated leasing processes in rental housing segment. In real estate distribution, AI will power property discovery, lead analytics, and sales automation in real estate distribution. Through these initiatives, Aurum aims to build a fully digital, data-driven real estate ecosystem and establish leadership in AI-driven PropTech.”
