Aurum PropTech Limited has informed the Exchange about General Updates
AURUM · price
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Aurum PropTech Limited has successfully completed the sale of Buildings Q5 and Q6 at Millennium Business Park, Navi Mumbai for ₹112 Crores, approximately 15% above independent valuation. The proceeds were used to fully prepay the company's Lease Rental Discounting (LRD) facility, making Aurum PropTech completely debt-free. The remaining capital is being deployed toward building advanced AI capabilities across its platforms including NestAway, HelloWorld, PropTiger, Sell.do, and Aurum Analytica. The company plans to develop AI agents for tenant acquisition, predictive analytics, and automated leasing workflows to reimagine real estate transactions in India.
This announcement is highly positive for shareholders as the company has eliminated all debt while strengthening its balance sheet. The capital redeployment toward AI development signals a strategic pivot that could drive future growth and operational efficiency.