Sunainaa writes on all things wealth and money for Business Standard. She has formerly worked with ToI, Splainer, HT Digital, Times Now, Firstpost and ET.
The company plans to develop a premium plotted residential project with a developable potential of 1.1 million sq. ft. and an estimated revenue potential of Rs 450 crore.
Following the completion of the transaction, Aurum PropTech said it is likely to become debt-free, as the sale proceeds will be used to prepay Lease Rental Discounting facility (LRD) of Rs 56 crore.
Supertech Limited has been named as the "main culprit" in defrauding homebuyers, whereas the Corporation Bank had advanced more than Rs 2,700 crore to builders through subvention schemes.
75-90% of women investors now hold through market corrections rather than exiting in panic. Around 55% selectively add capital during market dips, reflecting growing conviction
The transactions, executed through agreements for sale on March 4, 2026, involve office spaces in the commercial project developed by Yura Business Park Private Limited.