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Aurum PropTech Acquires PropTiger to Expand Digital Real Estate Services

Proptech

Business Honor
25 July, 2025

Aurum PropTech acquires PropTiger for ₹86.45 crore to expand and digitize its real estate technology ecosystem.

In a strategic step in the PropTech space, Aurum PropTech acquired PropTiger, a home broking platform, from REA India for ₹86.45 crore. This acquisition is part of Aurum's larger strategy to consolidate and digitize all parts of the real estate value chain. The transaction, executed through a strategic all-share equity swap, comprises the issuance of 42,42,537 equity shares by Aurum PropTech on a preferential basis to REA India, which will grant the latter an equity holding of 5.5% in the firm. Based on filings with regulators on July 23, the buyout will widen Aurum's operational presence through the home-buying experience and introduce synergies in its current digital real estate offerings.

PropTiger, founded in 2011 by Dhruv Agarwala, is one of the top digital housing players in India and is known to be owned by Housing.com, which is another REA India portal. The firm achieved a turnover of ₹100.93 crore in FY 2023–24. REA Group had acquired a majority stake in both PropTiger and Housing.com in 2020. The integration of PropTiger will help Aurum PropTech, a leading Indian-listed real estate technology firm, to expand its consumer-facing services and strengthen its PropTech portfolio. Recently, Aurum received SEBI’s approval to launch India’s first Small and Medium Real Estate Investment Trust (SM-REIT), underlining its commitment to innovation and investment diversification in the real estate sector.

Outgoing REA India CEO Dhruv Agarwala had expressed faith in the stewardship of Aurum, while existing CEO Praveen Sharma stressed the strategic refocusing of REA's attention on Housing.com. Aurum's CEO and founder Ashish Deora said the acquisition is a demonstration of a common vision to digitize and reimagine the real estate consumer journey in India. The deal will be subject to shareholder approval and has an estimated two-month closure timeline.