Aurum PropTech Sells Navi Mumbai Buildings for ₹112 Crore


NEW DELHI: Aurum PropTech’s board of directors has approved the sale of buildings Q5 and Q6 at Millennium Business Park, Navi Mumbai, for ₹112 crore, which is about 15% higher than the valuation offered by the valuers.

The assets hold a book value of approximately ₹27 crore.

Upon completion of this transaction, the company aims to eliminate its debt by using the proceeds to prepay a lease rental discounting facility (LRD) amounting to ₹56 crore.

The deal is expected to be finalized by June 30, 2026, pending the necessary regulatory approvals.

Additionally, the company is planning to transition towards AI-driven PropTech platforms, allocating substantial capital to develop advanced artificial intelligence capabilities across the real estate sector.

  • Published On Mar 12, 2026 at 03:30 PM IST

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