Media Release - Aurum PropTech Becomes Debt-Free, Doubles Down on Building India''s First AI- Native PropTech Ecosystem
AURUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aurum PropTech Ltd has successfully completed the sale of Buildings Q5 and Q6 at Millennium Business Park, Navi Mumbai for ₹112 Crores. The sale price was 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 company will deploy residual proceeds toward building advanced AI capabilities across its three core segments: Rental, Distribution, and Capital. Management sees this as a defining inflection point that strengthens the balance sheet and positions the company to lead AI-driven disruption in India's real estate sector.
Becoming debt-free significantly strengthens Aurum PropTech's financial position, reducing interest costs and improving flexibility for growth investments. The ₹112 Crore asset sale at a premium to valuation demonstrates strong asset management and provides capital firepower for AI-focused expansion in the PropTech space.