Latest news with #DhruvAgarwala
&w=3840&q=100)
Business Standard
23-07-2025
- Business
- Business Standard
Aurum PropTech acquires home brokerage platform PropTiger for ₹86.45 cr
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' Press Trust of India New Delhi Aurum PropTech Ltd on Wednesday announced acquisition of housing brokerage platform PropTiger from Australia's REA Group for ₹86.45 crore as part of its expansion plan. The company will issue preferential shares to REA India as consideration for the acquisition of PropTiger. 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 approved issuance of 42,42,537 equity shares (face value ₹5) of the company on a preferential basis to REA, as a consideration for acquisition of PropTiger. The cost of acquisition is ₹86.45 crore, it added. Post-issue of preferential shares, REA India will have 5,54 stake in Aurum PropTech Ltd. Gurugram-based PropTiger, which is part of REA India that owns real estate classified platform had posted a turnover of ₹100.93 crore for the 2023-24 fiscal year. PropTiger was founded by Dhruv Agarwala in 2011. REA Group acquired a controlling interest in as well as PropTiger in 2020. In April this year, Agarwala resigned as the CEO of REA India. REA India has appointed Praveen Sharma as its new Chief Executive Officer (CEO). 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 which is into sales automation and digital transformation for real estate. The company's total income rose to ₹284.98 crore in 2024-25 from ₹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. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
23-07-2025
- Business
- News18
Aurum PropTech acquires home brokerage platform PropTiger for Rs 86.45cr
New Delhi, Jul 23 (PTI) Aurum PropTech Ltd on Wednesday announced acquisition of housing brokerage platform PropTiger from Australia's REA Group for Rs 86.45 crore as part of its expansion plan. The company will issue preferential shares to REA India as consideration for the acquisition of PropTiger. 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 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. The cost of acquisition is Rs 86.45 crore, it added. Post-issue of preferential shares, REA India will have 5,54 stake in Aurum PropTech Ltd. Gurugram-based PropTiger, which is part of REA India that owns real estate classified platform had posted a turnover of Rs 100.93 crore for the 2023-24 fiscal year. PropTiger was founded by Dhruv Agarwala in 2011. REA Group acquired a controlling interest in as well as PropTiger in 2020. In April this year, Agarwala resigned as the CEO of REA India. 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 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 MJH DR DR view comments First Published: July 23, 2025, 16:45 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.
Hans India
08-05-2025
- Business
- Hans India
Bengaluru, Hyderabad Lead Growth as Other Cities Plateau in Q1
The Indian housing market is showing signs of measured cooling, as new data from Real Insight Residential: Q1 2025 report indicates a visible slowdown in the rate of price growth across key urban centers. The platform, a part of REA India alongside found that while home prices have continued to rise on an annual basis, quarterly growth has eased notably in recent months. The first quarter of 2025 saw cities like Bengaluru and Hyderabad lead the market in terms of price increases. Bengaluru posted a 5 per cent quarter-over-quarter gain, bringing average residential rates to Rs 7,881 per square foot. Hyderabad matched this pace, with prices moving up to Rs 7,412 per square foot. These two cities remain growth hotspots even as other metros begin to flatten out. In contrast, established markets such as Delhi NCR, Mumbai Metropolitan Region (MMR), Pune and Chennai showed no change in residential prices compared to the previous quarter. This marks the second consecutive quarter of zero growth for these cities, signaling a pause after a strong run-up over the past two years. The report describes this phase as a 'cautious consolidation' rather than a downturn, with prices stabilising at elevated levels. Ahmedabad and Kolkata also showed positive, though moderate, growth trends. Ahmedabad recovered from a decline in late 2024, rising 4 per cent during the quarter. Kolkata followed a similar pattern, bouncing back with a 4 per cent quarterly gain after falling in the previous quarter. These movements reflect a market that is stabilising rather than retreating, as cities adjust to more realistic demand and supply dynamics. Industry observers attribute the shift in market behaviour to a broad realignment of demand. According to Dhruv Agarwala, Group CEO of and the reduced pace of price increases is helping re-engage serious homebuyers who were previously sidelined by speculation. He noted that the return of end-user participation will be key to maintaining long-term market health. Agarwala highlighted that this controlled trajectory will enable developers and investors to sustain gains without triggering pricing bubbles. From late 2024 into early 2025, market performance across Indian cities became more uniform, with most urban centres either holding prices steady or showing minimal increases. Delhi NCR, which had registered sharp price hikes throughout 2023, has now entered a holding phase, posting no increase during Q1 2025. Pune also remained stable with no price movement, after experiencing consistent appreciation in the past year. Chennai's pricing, too, showed no change, indicating equilibrium after sustained growth periods. The report notes that this current phase of moderation has been driven by multiple macro-level factors. A more informed and end-user-led buyer base has replaced speculative investors in many cities. Additionally, developers have started aligning supply pipelines with actual market demand, leading to more grounded pricing strategies. Investor interest, while still present, has become more rational, focusing on long-term value over short-term returns. Looking ahead, the PropTiger study forecasts that India's residential property sector will continue to follow a stable growth path. Developers are expected to adopt more cautious launch plans, focusing on project viability and location-specific demand. This is anticipated to help maintain momentum without triggering excess supply or inflated pricing.
Hindustan Times
07-05-2025
- Business
- Hindustan Times
Indian residential market prices cool down as growth moderates, Bengaluru and Hyderabad drive growth: report
The prices of the residential segment in eight cities of the Indian real estate market have cooled down, and there has been a moderation in the growth, according to a report released by titled 'Real Insight Residential: Q1 2025' India real estate update: The prices of the residential segment in eight cities of the Indian real estate market have cooled down, and there has been a moderation in the growth. (Picture for representational purposes only)(Mehul R Thakkar/HT) the transaction and advisory services platform part of REA India (which also owns revealed in its report that while residential property prices in India have continued to rise year-on-year, the pace of growth has clearly moderated in recent quarters. After a period of rapid post-pandemic expansion, the market now appears to be entering a phase of cautious consolidation. Also Read: Are Mumbai real estate prices moderating, giving homebuyers more room to negotiate? 'Market cooling, not crashing' According to the report, cities such as Bengaluru and Hyderabad continue to drive growth, with both cities recording 5% quarterly increases in Q1 2025. Bengaluru's average prices rose to ₹ 7,881 per sq ft, while Hyderabad touched ₹ 7,412 per sq ft. In contrast, key mature markets such as Delhi NCR, MMR (Mumbai Metropolitan Region), Pune and Chennai recorded no quarterly change in average prices following an already flat previous quarter, suggesting a plateauing of prices, the report said. The report added that Ahmedabad and Kolkata also saw moderate increases of 3.8% and 4% respectively in Q1 2025, reinforcing the trend of steady—though decelerating—growth. Also Read: Bengaluru, Mumbai, Delhi among top 15 global cities for prime residential price growth: Knight Frank report 'The moderation in price growth observed over the past few quarters indicates a stabilising market dynamic, likely encouraging the return of end-users previously displaced by speculative activity,' said Mr. Dhruv Agarwala, Group CEO, & 'This more measured trajectory is critical for sustaining end-user participation while maintaining the value built by investors and developers. In 2025, the market is expected to undergo further consolidation, reinforcing structural fundamentals and enabling steady, sustainable growth," he added. According to the report, the shift toward moderation became particularly evident from Q3 2024 onwards. Between Q4 2024 and Q1 2025, most cities either held steady or posted low single-digit gains. For example, Delhi NCR, MMR and Pune's per sq ft price remained steady at ₹ 8,106 per sq ft, ₹ 12,600 per sq ft and ₹ 7,109 per sq ft. Also Read: Check out Akshay Kumar's return on investment from the sale of six properties in Mumbai Market outlook? The report concluded that this cautious consolidation sets the stage for a more sustainable growth path. With prices plateauing in many cities and rising modestly in others, developers are likely to respond with more calibrated launches. This, in turn, will help maintain momentum while avoiding overheating in the sector, the report said.
News18
07-05-2025
- Business
- News18
Average Housing Prices Remain Stable In MMR, NCR, Chennai, Pune During January-March 2025: PropTiger
Agency: PTI Residential property prices have continued to rise year-on-year, but the pace of growth has clearly moderated in recent quarters. Average housing prices across Mumbai Metropolitan Region (MMR), Delhi-NCR, Chennai and Pune remained stable during the January-March period compared to the previous quarter, according to PropTiger. Data of real estate brokerage firm PropTiger, a part of REA India that owns showed that prices in Bengaluru and Hyderabad grew 5 per cent each while Ahmedabad and Kolkata saw an appreciation of 4 per cent each. The consultant noted that residential property prices have continued to rise year-on-year, but the pace of growth has clearly moderated in recent quarters. 'The moderation in price growth observed over the past few quarters indicates a stabilising market dynamic, likely encouraging the return of end-users previously displaced by speculative activity," said Dhruv Agarwala, Group CEO, & 'This more measured trajectory is critical for sustaining end-user participation while maintaining the value built by investors and developers. In 2025, the market is expected to undergo further consolidation, reinforcing structural fundamentals and enabling steady, sustainable growth," Agarwala added. As per the data, MMR, Delhi-NCR, Chennai and Pune markets did not see any increase in average prices. They were at Rs 12,600, Rs 8,106, Rs 7,173 and Rs 7,109 per square feet, respectively. Housing price in Hyderabad appreciated to Rs 7,412 from Rs 7,053 per square feet, while Kolkata saw an increase to Rs 5,839 from Rs 5,633 per square feet. First Published: May 07, 2025, 14:37 IST
