Listed real estate firm Aurum PropTech has approved the acquisition of Housing.com parent Locon Solutions Pvt Ltd from REA India through a share-swap deal valued at Rs 458 crore, according to a stock exchange filing. The board of the proptech firm approved the acquisition of 100% of Locon’s equity shares, compulsorily convertible preference shares, and compulsorily convertible debentures on a fully diluted basis. As part of the transaction, Aurum PropTech will issue 1.98 crore equity shares to REA India at Rs 231.42 per share through a preferential allotment. Following the allotment, REA India’s stake in Aurum PropTech will increase to 24.9% from 5.54%, making it one of the largest shareholders in the company. The acquisition is aimed at integrating Housing.com’s marketplace business with Aurum PropTech’s broader real estate technology ecosystem. The company said the combination would help create a unified platform connecting consumer demand, developer inventory, brokerage services, rentals, and transactions while leveraging a common AI and data architecture. Founded in 2012, Locon Solutions owns and operates Housing.com, one of India’s largest online real estate marketplaces. The company offers property listing services, digital advertising solutions, lead generation, content development, home loan brokerage, and visualization products for developers and brokers. During FY26, Locon posted an unaudited revenue of Rs 309.9 crore. In FY25, the company reported a turnover of Rs 687.5 crore, up from Rs 447.5 crore in FY24. Separately, Aurum PropTech approved the issuance of 51 lakh fully convertible warrants to promoter entity Aurum RealEstate Developers Ltd at Rs 231.42 per warrant, aggregating up to Rs 118 crore. On a fully diluted basis, the group's holding will stand at 41.17%. Aurum PropTech has been actively expanding its real estate portfolio through acquisitions. In September 2025, it acquired PropTiger from REA India in an Rs 86.45 crore share-swap deal. Earlier, in June 2023, the company bought home rental platformNestAway Technologiesfrom Tiger Global and other investors for Rs 90 crore in a distressed sale, valuing the startup at nearly 95% below its peak. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
