Aurum PropTech Acquires Housing.com Parent Locon Solutions

Aurum PropTech has successfully approved the acquisition of Housing.com’s parent company, Locon Solutions Pvt Ltd, from REA India through a share-swap arrangement valued at Rs 458 crore, as confirmed in a recent stock exchange announcement. The board of the proptech firm has given the green light for the acquisition of 100% of Locon’s equity shares, convertible preference shares, and convertible debentures on a fully diluted basis.

Details of the Acquisition

In this transaction, Aurum PropTech will issue 1.98 crore equity shares to REA India at Rs 231.42 per share through a preferential allotment. This allotment will increase REA India’s stake in Aurum PropTech from 5.54% to 24.9%, thereby making it one of the prominent shareholders in the company.

Strategic Integration

The acquisition seeks to integrate Housing.com’s marketplace business with Aurum PropTech’s extensive real estate technology ecosystem. The company stated that this merger would establish a consolidated platform that links consumer demand, developer inventory, brokerage services, rentals, and transactions while utilising a unified AI and data architecture.

About Locon Solutions

Founded in 2012, Locon Solutions operates Housing.com, which is regarded as one of India’s largest online real estate platforms. The services offered by the company include property listings, digital advertising solutions, lead generation, content development, home loan brokerage, and visualisation products for both developers and brokers.

Financial Performance of Locon Solutions

In Fiscal Year 2026, Locon reported an unaudited revenue of Rs 309.9 crore. In Fiscal Year 2025, the company achieved a turnover of Rs 687.5 crore, which marked an increase from Rs 447.5 crore in Fiscal Year 2024.

Other Developments at Aurum PropTech

In a separate move, Aurum PropTech approved the issuance of 51 lakh fully convertible warrants to the promoter entity, Aurum RealEstate Developers Ltd, at Rs 231.42 per warrant, leading to a total of up to Rs 118 crore. On a fully diluted basis, the group’s stake will reach 41.17%.

Expansion Strategy

Aurum PropTech has been actively growing its real estate portfolio through various acquisitions. In September 2025, it acquired PropTiger from REA India in a share-swap deal valued at Rs 86.45 crore. Earlier, in June 2023, the company purchased the home rental platform NestAway Technologies from Tiger Global and other investors for Rs 90 crore in a distressed sale, reflecting a valuation nearly 95% below its peak.