Aurum PropTech acquires housing brokerage platform PropTiger
PTI
New Delhi, Jul 23 (PTI) Aurum PropTech on Wednesday said it will acquire housing brokerage platform PropTiger from Australia's REA Group.
In a regulatory filing, Aurum PropTech informed that the Board has approved 'acquisition of 100 per cent equity shares of PropTiger Marketing Services India Pvt Ltd, India." The acquisition has been done from REA India Pte, Singapore, through an all-stock, strategic equity swap and execution of the Share Acquisition Agreement with REA and PropTiger.
The board also approved issuance of 42,42,537 equity shares (face value Rs 5) of the company on a preferential basis to REA, as a consideration for acquisition of PropTiger.
Gurugram-based PropTiger is part of REA India, which owns real estate classifieds platform Housing.com.
Recently, Aurum PropTech got markets regulator SEBI's approval to launch its Small and Medium Real Estate Investment Trust (SM-REIT), as part of the company's plan to expand business.
The company will list the SM-REIT schemes on stock exchanges, providing opportunities to retail investors to have fractional ownership of rent-yielding premium office assets.
It has received a registration certificate from the SEBI to float SM-REIT under the name AMSA SM REIT Investment Trust (AMSA).
Aurum PropTech owns and operates NestAway Technologies, a rental marketplace; Aurum Analytica, which helps real estate developers in finding customers; and Sell.do, which is into sales automation and digital transformation for real estate.
The company's total income rose to Rs 284.98 crore in 2024-25 from Rs 233.07 crore in the preceding year.
Aurum PropTech is part of Aurum Ventures, which is into various businesses, including telecom, aviation, renewable energy, and real estate. PTI MJH DR DR
view comments
First Published:
July 23, 2025, 16:00 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
30 minutes ago
- The Hindu
Waiting area with state-of-the-art amenities inaugurated at US Consulate General
The Telangana State Consular Waiting Area, a facility with state-of-the-art amenities for those visiting the US Consulate General, was inaugurated on Thursday. Industries and IT Minister Duddilla Sridhar Babu inaugurated the facility and pointed out that every move the Telangana government makes is for the people of the State. The government was appraised of the fact that visitors, around 3,000 each day, of the US Consulate General were facing inconvenience in the absence of a waiting areas. As a result, the government, through the Telangana Industrial Infrastructure Corporation (TGIIC), took steps to construct the facility. He explained that the a ground-level study was embarked upon and exact needs were identified. He underscored that the move is an example of the government's proactive approach not just in industrial and technological sectors but also in initiatives that bring improvements to the daily lives of the people. The Telangana government has been pro-actively working to strengthen bilateral relations between Telangana and the United States, which is a leading trade partner. Bilateral trade is in pharma, aerospace, electronics, and electric vehicles (EVs) sectors. Around 38% of Telangana's IT exports are to countries in North America. The city, he explained, serves as home base for tech giants such as Google, Amazon, Apple, and Microsoft. In January this year alone, US-based companies invested ₹31,500 crore in the state, leading to the creation of 30,000 new jobs. Hyderabad US Consul General Jennifer Larson and other dignitaries participated in the event.
Time of India
44 minutes ago
- Time of India
4 Cidco tender plots in Nerul sold for a record Rs 7.65 lakh per sq metre
Navi Mumbai: Four Cidco tender plots in Nerul were sold to a developer on Thursday for a skyrocketing price of Rs 7.65 lakh per sq m. While real estate observers said that the high-priced land deal, won by Parth Life Spaces realty group, is due to the upcoming Navi Mumbai International Airport, activists are sceptical about how working-class people will now be able to afford houses here, since the land itself went at a very steep rate. Parth Life Spaces will have to pay Cidco a total of Rs 1,500 crore for these four plots. Manohar Shroff, a partner of Shivam Builders group, commented: "The four adjoining tender plots in Nerul Sector 28, of areas between 4,500 sq m and 5,100 sq m, are located behind Jewel of Navi Mumbai Lake. However, this record-high land sale will ultimately put the burden on the consumers who will purchase realty spaces here. The new Navi Mumbai airport is also a factor for the high land rate; however, I feel that the builders must control the land prices and make corrections to ensure that the prices do not overshoot. " You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai The head of MCHI-Credai (Raigad), Rajesh Prajapati, said: "I do not want to speculate as to what caused these four Cidco land plots to be sold at such a high rate. It is a sensitive issue, and any speculation may directly affect the real estate market." When TOI contacted Cidco, a spokesperson confirmed the record-high land sales but declined to comment further. Activist B N Kumar of NatConnect Foundation said: "After this record-high land bidding at Nerul, one wonders how the builder will be able to get bookings from consumers, because the prices may cross Rs 50,000 per sq ft here. Serious realty investors from India and even Dubai may be able to afford such rates, but not the common salaried people." RTI activist Anarjit Chauhan added: "Earlier, the middle-class people used to reside in Navi Mumbai and Thane. In the mid-nineties, as real estate rates increased, the working class went further to Panvel, Mira Road, and Vasai-Virar for affordable housing. So, only the super-rich will be able to live in places like Vashi, Nerul, Palm Beach Road. Who cares about the middle class anymore?"
Time of India
an hour ago
- Time of India
Demand to recover gradually, says HUL
Mumbai: Hindustan Unilever ( HUL ), the country's largest fast-moving consumer goods company, said demand is recovering gradually and that it does not expect the situation to "magically change overnight", even as it steps up investments and has lowered its margin guidance after reporting a 5% increase in revenue during the June quarter. The company reported sales of Rs 16,323 crore for the first quarter of 2025-26 with a net profit increase of 6% to Rs 2,768 crore. Its volume, or the number of packs sold, increased 4%. The revenue expansion during the quarter was the highest in nearly two years, with the company's sales growth hovering between flat and 4% since July-September 2023. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Technology Degree Healthcare Product Management Data Science Cybersecurity healthcare CXO Operations Management MCA Digital Marketing PGDM Finance Others MBA Management others Public Policy Data Analytics Data Science Design Thinking Artificial Intelligence Project Management Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details "Hopefully, this recovery will be sustained and it's moving in the right direction. But it's gradual. Our prognosis is that given all of the movements that have been done by the government, fiscal, monetary, good monsoon, food inflation, all of that bodes well for mass consumption," said Rohit Jawa, MD, HUL. "Our rural growth that had lagged initially are back to growing every quarter and have gradually recovered and are sustaining. Even urban growth, although not as fast as rural, has also recently shown an uptick, largely driven by small cities and towns." Urban markets account for nearly two-thirds of HUL's sales and have seen weakening demand due to inflationary pressures, low wage growth and higher housing rentals. The maker of Rin detergent and Dove shampoo, whose performance is considered a proxy for broader consumer sentiment in India, said lower inflation and income tax benefit would help sustain the recovery. "The income tax rebates, plus the fact that the repo rates have come down means housing loans or EMIs (equated monthly instalments) will reduce. That has a material impact on people's consumption baskets. Things like inflation are also quite low, right, and that makes a big difference to the urban consumer," said Jawa. The company's earnings before interest, taxes, depreciation and amortisation (Ebitda) margin fell 130 basis points year-on-year to 22.8% in the June quarter. A recent report from market researcher Numerator (formerly Kantar) said demand for daily groceries, household and personal products slowed to 3.9% volume growth year-on-year in the June quarter, after early rainfall impacted beverages and summer products sales. However, household care was the only category that expanded, owing to its biggest sub-segment, laundry, which grew 4% during the quarter against 2.6% growth a year ago. HUL gets a third of its revenue from homecare.
