Aurum Proptech Q1 2027: Profitability Continues as Housing.com Dominates the Conversation

Aurum Proptech has released its first-quarter financial results for FY27, a week after agreeing to acquire Housing.com from REA India.

Highlights include:

• Total revenues were up 57% YoY, to INR 121 crore (USD 12.5m)
• EBITDA was up 76% YoY, to USD 4.0m
• Rental revenue was INR 56 crore ($5.8m), with a marginal profit of INR 2 crore ($200k)
• Rent collected was INR 34 crore ($3.5m) despite a 28% reduction in signed units
• Distribution revenue was INR 56 crore ($5.8m), with a profit of INR 8 crore ($830k)
• Capital revenue was INR 2 crore ($200k), at a marginal loss of INR 5 lakhs ($5k)

Aurum has turned itself around in the past two years, from a string of loss-making quarters to marginal profitability.

Describing itself as an integrated technology ecosystem for India’s real estate value chain, Aurum operates several brands across buying, selling, development, and banking.

Driven by the rental platforms Nestaway and Helloworld, market intelligence platforms Aurum Analytica and Sell.do ("The AI-Native Revenue Operating System for Real Estate"), Aurum Proptech has upped the ante in the past twelve months by enacting an ambitious M&A strategy that will see the business attempt to build on REA India's investment in India, having acquired PropTiger and Housing.com from the REA Group subsidiary.

Rentals and Distribution (Aurum Analytica and Sell.do) were both profitable for the quarter ending June 30 2026, while the Capital segment broke even.

Aurum Analytica increased the number of leads sold by 77% year-on-year, and is managing 276 projects, a 20% YoY increase. PropTiger, acquired last year, delivered 6621 transactions for the quarter.

The Group says it has now rolled out its AI tech stack company-wide, including voice and WhatsApp functionalities, and a real estate CRM without outcome-based pricing is currently being launched. 18 customers have signed up for an AI calling feature, and more than 20 developer partners have been onboarded. Aurum has also deployed AI agents for lead qualification and customer support in its Rentals segment, alongside a 24/7 AI chatbot and auto-triage software.

Housing.com dominates investor call

Aurum will acquire 100% of Housing.com with an all-equity consideration of new Aurum Proptech shares issued to REA India, which will become a strategic partner. Housing.com will join PropTiger, Nestaway, Helloworld, Sell-do and Aurum Analytica under one portfolio.

According to Aurum's investor presentation, Housing.com is India's leading consumer property platform, generating revenue of INR 301 crore ($31.2m) in FY25.

The site has 12 million monthly active users and over one million active listings.

The goal, it would appear, is to do something similar to what Tanuj Shori has achieved at Square Yards—several businesses, one closed-loop ecosystem, and a market-leading flywheel from listing to transaction.

The investor call therefore makes for an interesting listen. Aurum is clearly excited about the opportunity to integrate one of the biggest consumer brands in India under its management, while also absorbing knowledge and playbooks from REA Group and News Corp.

Housing.com was "extremely compelling" as an acquisition for the Group, while REA Group is hinted to have pocketed INR 458 crore ($47.5 million) from their divestments.

The company has around $20m in cash as an investment warchest, but does not necessarily desire to spend it.

In FY25, revenues were INR 343 crore ($35m) while expenditure was INR 531 crore ($55.1m). Housing.com is burning INR 200 crore annually, or circa $20m. FY26 numbers are currently being audited and will be publicised "in the next few quarters."

Operational efficiencies will therefore be a major piece of cutting costs, and this will happen sooner rather than later—especially on marketing expenses. Meanwhile, the revenue model will go through the gears facilitated by a far bigger audience. Further acquisitions were not ruled out, but Housing.com was described as a "pivotal" piece of building a scalable ecosystem.

Aurum said it is confident that it can make Housing.com a profitable business within four to six quarters, requiring "product innovation, business synergies, AI-led efficiencies across functions, and relentless execution."

Selected quotes include:

"Aurum has demonstrated profitable unit economics in difficult scenarios in the past. Learning from Nestaway, PropTiger and other similar case studies, we believe we will reach our goal to make Housing profitable before the stipulated timeframe.

"Further, we believe that Aurum's acquisition of Housing.com marks the start of industry-wide consolidation in Indian proptech, and at Aurum, we intend to lead it.

"We do not see cannibalisation [as an issue between Housing.com and other Aurum brands]. What we see is a strong synergy to have end-to-end solutions from listings to advertising to lead generation to transactions for all our providers and customers. We do not see Housing as a standalone monetisation platform. Our goal and objective is to make sure that we are able to upsell to our consumers and keep increasing our market share. We firmly believe that the app leadership position that Housing has taken over the other portals is something that has to be capitalised on.

"We will apply a similar playbook [from Nestaway, Helloworld and PropTiger] to Housing.com. Within three to four quarters we are looking to restructure the business. It is early days, but we see a lot of ancilliary revenues coming from Aurum Proptech into Housing. We anticipate that our projections will be surpassed as more consumers come onto the platform.

"How do we increase revenue per team member across the business? This is a key metric for us. Increasing productivity [in Housing] will be taken from the PropTiger integration."

"Up to 100 crore ($10m) has been invested into establishing Housing.com as the number one real estate brand in India and a very attractive marketplace. REA Group helped to stabilise the running of the business, it very highly governed and is now in very safe hands. Our goal is profitability. The losses to revenue at Nestaway was worse than at Housing.com and we turned that around, and we believe we can turn around Housing as well because we have an additional lever thanks to bringing synergies to our own transactions platform."