Broker’s call: Aurum PropTech (Buy)

Target: ₹290

CMP: ₹203.70

Aurum PropTech is at the forefront of the PropTech revolution in India, not merely as a technology provider but also a transformative force reshaping the real estate landscape.

The company’s integrated platforms address the entire fulcrum of the real-estate value chain — from property discovery and matchmaking to sales automation, transaction management, and customer relationship management across its three strategic pillars of Rental, Distribution, and Capital. Per Colliers estimates, the organised co-living market is estimated to grow over 5x to ₹20,600 crore in CY30 from ₹4,000 crore in CY25, led by increasing penetration of organised co-living (from about 5 per cent to over 10 per cent), uptick in realisation, and steady demand growth.

Aurum PropTech has streamlined operations of the acquired HelloWorld and NestAway, and is well poised to benefit from market opportunities in co-living and to scale up its rental business with improved profitability through steadfast execution and operational discipline.

We expect the company to see revenue growth of over 2x in the next 3 years, while also turning profitable. SM-REIT can add another growth lever, which we have not yet valued, pending license approval. We initiate coverage on Aurum with Buy and TP of ₹290 on DCF basis.

Published on May 27, 2025