Latest news with #OnkarShetye
News18
19-07-2025
- Business
- News18
Aurum PropTech gets SEBI nod to launch SM-REIT
New Delhi, Jul 19 (PTI) Aurum PropTech has 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 for retail investors to have fractional ownership of rent-yielding premium office assets. In a regulatory filing on Friday, Aurum PropTech said it is the first public listed company in India to receive a registration certificate from the SEBI as a SM-REIT under the name AMSA SM REIT Investment Trust (AMSA). 'This milestone marks the beginning of AMSA's journey to provide transparent, structured, and regulated access to high-quality real estate investment opportunities for individual investors across India," Aurum PropTech said. The company said that the SM-REIT platform AMSA is evaluating many income-generating commercial properties and the first scheme will be launched soon. Onkar Shetye, Executive Director, Aurum PropTech, said: 'The SM REIT framework provides a perfect platform for investors seeking stable financial products that offer attractive yields while being backed by hard assets." 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 HVA view comments First Published: July 19, 2025, 10:45 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.
Time of India
26-04-2025
- Business
- Time of India
Aurum PropTech posts net loss of Rs 33.37 crore in FY25
NEW DELHI : Realty firm Aurum PropTech Ltd has posted a consolidated net loss of Rs 33.37 crore in the last fiscal year on higher expenses. Its net loss stood at Rs 55.75 crore in the year-ago period. Total income rose to Rs 284.98 crore in 2024-25 from Rs 233.07 crore in the preceding year, according to a regulatory filing on Friday. Total expenses increased to Rs 329.45 crore from Rs 309.43 crore during the period under review. The company stated that rental segment contributed 60 per cent of the total income. Aurum PropTech owns and operates, NestAway Technologies -- a rental marketplace that enable property owners find tenants and manage properties. It also owns Aurum Analytica, a data analytics company powering real estate developers identify prospective buyers for their properties. The company also runs a sales automation and digital transformation company for real estate. Commenting on the results, Onkar Shetye , Executive Director of Aurum PropTech, said: "The company is focusing on profitable growth, delivering a consistent performance over the past four years." Since its inception in April 2021, Aurum PropTech has established itself as a leading player in the proptech space with a unique integrated suite of solutions, offering its tech products and services across 15 cities in the country, he added. Aurum PropTech has an employee strength of more than 650 persons.
