Mumbai, March 2026 – Aurum PropTech Limited has approved the sale of two commercial buildings at Millennium Business Park, MIDC Mahape, Navi Mumbai, for a total consideration of ₹112 crore approximately 15% above the independent valuation provided by professional valuers. The buyer is Deepman Infra Private Limited, and the transaction is expected to close by June 30, 2026, subject to regulatory approvals.
The deal marks a deliberate strategic pivot: a listed proptech company choosing to exit physical real estate in order to fund the next generation of AI-powered platforms across the real estate value chain.
Shedding Bricks to Build Algorithms
The two assets, Buildings Q5 and Q6, together hold 1,42,000 sq ft of leasable space and had come into Aurum’s portfolio as part of its acquisition of insurance technology company Majesco in 2021. With a book value of approximately ₹27 crore, the transaction will generate a substantial profit and meaningfully improve the group’s balance sheet metrics.
A portion of the proceeds will be directed toward prepaying the company’s Lease Rental Discounting facility of ₹56 crore, making Aurum PropTech effectively debt-free upon completion of the sale. The remaining capital will be redeployed into accelerating AI capabilities across its existing platform portfolio.
AI Across Rental, Distribution, and Capital
Executive Director Onkar Shetye outlined the company’s vision: Aurum plans to deploy artificial intelligence across its three core segments of Rental, Distribution, and Capital. In rental housing, AI will enhance tenant acquisition, enable dynamic pricing, and automate leasing processes. In real estate distribution, AI tools will power property discovery, lead analytics, and sales automation.
The company’s platform portfolio spans several established proptech brands: NestAway Technologies operates as a rental marketplace, Aurum Analytica provides data analytics for developers to identify potential homebuyers, Sell.do handles sales automation and digital transformation, and acquired from Australia’s REA Group last year anchors the digital property marketplace.
Together, these platforms position Aurum as one of the few listed real estate technology companies in India with full-stack coverage across the residential lifecycle, from discovery and financing to leasing and property management.
