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Aurum PropTech Limited has approved the sale of two commercial assets Buildings Q5 and Q6 at Millennium Business Park in Navi Mumbai for a total consideration of INR 112 crore, as the company shifts capital towards artificial intelligence-driven proptech platforms. The transaction, cleared by the company's board earlier this week, values the properties around 15% above the valuation assessed by independent valuers. The assets have an approximate book value of INR 27 crore, and the sale is expected to generate a significant gain for the company while strengthening its balance sheet. Aurum PropTech said the proceeds will be used to prepay a Lease Rental Discounting facility of INR 56 crore and fund investments in AI capabilities across rental housing, property distribution and capital market platforms. The transaction is expected to be completed by June 30, 2026, subject to regulatory approvals.
Aurum PropTech Limited has approved the sale of two commercial buildings at Millennium Business Park in Navi Mumbai for INR 112 crore, as the company restructures its asset portfolio and redirects capital towards artificial intelligence-driven property technology platforms. Advertisement
The decision was cleared earlier this week by the company's board of directors and involves the divestment of Buildings Q5 and Q6 located within the Millennium Business Park commercial complex. According to the company, the agreed consideration is approximately 15% higher than the valuation assessed by independent valuers.
The properties being sold have a combined book value of around INR 27 crore. The transaction is therefore expected to generate a substantial gain, which the company indicated would improve profitability metrics while strengthening its balance sheet.
Aurum PropTech said the divestment forms part of a broader strategic repositioning that prioritises digital infrastructure and artificial intelligence capabilities within the real estate sector. The proceeds from the transaction will be added to the company's investment pool earmarked for developing AI-enabled proptech platforms.
The company also plans to utilise a portion of the proceeds to repay an existing Lease Rental Discounting (LRD) facility amounting to INR 56 crore. Following the repayment, Aurum PropTech expects to become debt-free, according to the company's statement.
The transaction remains subject to regulatory approvals and other customary conditions and is expected to be completed by June 30, 2026.
Company officials indicated that artificial intelligence will be integrated across Aurum PropTech's core operating segments, including rental housing platforms, real estate distribution systems and capital-related services.
Onkar Shetye, executive director of Aurum PropTech Limited, stated that the company intends to deploy AI technologies to improve several aspects of property operations and transactions. These include tenant acquisition processes, dynamic rental pricing models, automated leasing workflows and property management systems within the rental housing segment.
In the real estate distribution segment, the company plans to apply AI-based tools for property discovery, lead analytics and sales automation. The company said these initiatives are intended to support the development of a data-driven digital infrastructure for the property sector.
Aurum PropTech Limited is listed on the BSE and the National Stock Exchange and operates several technology platforms within India's property ecosystem. These include NestAway Technologies, a rental housing marketplace; Aurum Analytica, a data analytics platform serving property developers; Sell.do, a sales automation platform for real estate businesses; and PropTiger.com, a digital property transaction and advisory platform.
The company forms part of the wider Aurum Ventures group, which operates across real estate development, property management, leasing and hospitality. Through its proptech ecosystem, the group has positioned itself within the digital transformation segment of the real estate industry.
With the sale of the Millennium Business Park assets, Aurum PropTech is seeking to consolidate its focus on technology-led platforms while reducing exposure to non-core real estate holdings.
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