Update on Sale of Buildings Q5 and Q6
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 fully used to prepay the company's Lease Rental Discounting (LRD) debt facility, making Aurum PropTech completely debt-free as of May 21, 2026. The residual proceeds are being redeployed into AI capabilities across its core segments — Rental, Distribution, and Capital — including AI agents for tenant acquisition, predictive analytics, and automated leasing workflows. The company cited this as a defining inflection point, transitioning from a balance-sheet-cleanup phase to an AI-first growth phase.
The debt-free status and ₹112 crore asset sale meaningfully strengthen the balance sheet. For shareholders, this removes a leverage overhang and signals capital is being redirected toward technology-led growth rather than property holdings.