Asset monetisation clears debt and accelerates shift to intelligent real estate platforms.

Aurum PropTech Sells Navi Mumbai Assets for ₹112 Cr, Eyes AI-Led Future.

Aurum PropTech has approved the sale of two commercial buildings—Buildings 05 and 06 at Millennium Business Park—for a total consideration of ₹112 crore, marking a strategic turning point for the company. The sale price is approximately 159% higher than the valuation provided by independent valuers, underscoring strong asset quality and market demand. The assets carry an aggregate book value of about ₹127 crore. Upon completion of the transaction, expected by June 30, 2026, Aurum PropTech is set to become debt-free, as the proceeds will be used to prepay its lease rental discounting (LRD) facility of ₹56 crore, subject to regulatory approvals. With its balance sheet significantly strengthened, the company plans to pivot decisively toward AI-driven PropTech platforms. Aurum PropTech intends to deploy substantial capital to build advanced artificial intelligence capabilities across the real estate ecosystem, signalling a clear shift from asset ownership to technology-led growth.