Real estate, the second-largest contributor to India’s economy, has led to the growth of several other ancillary industries India’s real estate sector has risen like a phoenix and delivered a sterling performance in 2022 with residential sales increasing by more than 50 percent over the previous year.
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Aurum PropTech NSE 1.40 % Ltd, formerly known as Majesco Ltd NSE 1.40 %, as part of its continued inorganic growth strategy, has acquired Goldman Sachs-backed Nestaway’s co-living subsidiary HelloWorld Technologies India NSE -2.50 % and real estate data analytics company CareerSocially for total over Rs 61 crore.
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Promoters stake in Aurum PropTech NSE 1.40 % Ltd, formerly known as Majesco Ltd NSE 1.40 %, rose to 50.34% from 35.04% following the closure of its Rs 343.55 crore rights issue, the company said in a regulatory filing.
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Realty developer Aurum Ventures-controlled listed information technology company Aurum PropTech will be investing over $5 million through a mix of debt and equity capital infusion in a rental management platform TheHouseMonk owned by Monk Tech Labs.
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The issue is priced at Rs 80 per share.
Aurum PropTech has approved raising up to Rs 343.56 crore through a rights issue. The company will issue 3 equity shares for every 2 shares held by the eligible shareholders as on the record date to be announced later.
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Singapore-based Ascendas Property Fund Trustee has acquired realty developer Aurum Ventures 16-storey fully-leased commercial tower spread over 6.2 lakh sq ft in Navi Mumbai's Ghansoli locality for Rs 353 crore.
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For the past two decades it has churned out several value creations pieces across several industries. This has been only possible because of the value Aurum Ventures because of the strong work
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Aurum PropTech Ltd, formerly known as Majesco Ltd, on Sunday said it will acquire 49% stake in Integrow Asset Management Pvt. Ltd for ₹25 crore, to enable the convergence of property technology and fintech.
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"Today, we mark the 75th Independence Day of India. A gift given to us by the ‘Silent’ yet Resilient Generation. Collectively, each generation has worked towards the advancement and betterment of India’s development. The succeeding generations of ‘Baby Boomers’, Gen X and Millennials did most of the heavy lifting to make India a force to reckon with on the world stage. Owning to our Democratic system, roots of Sustainability, Innovation, Technology and Entrepreneurship are deeply entrenched in our society.
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As India and the world took a bow to the winners of the Tokyo Olympics, 2020 one can only look with admiration and awe at the spirit of all sportsmen and sportswomen.
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"You have the power to change the world", that's the clique many of you have heard before. World over, International Youth Day was celebrated today, with a special theme around Innovation. Youth Day is aimed at giving voice to the initiatives and actions of youth across the globe. History tells us, that it is the youth that lead development, change, invention and revolution, prosperity and evolution. The society, institution, office and the organisation, the state and the country can benefit only by tapping in the energies of youth. Read more
Synopsis The inorganic growth move is aimed at building a proptech ecosystem. K2V2 provides Software as a Service (SaaS) products, services and Enterprise Software catering to the real estate industry and holds a wide portfolio of proptech, real estate brokerage and digital marketing products and services. Realty developer Aurum Group-controlled information technology consultancy and software company Majesco has approved the acquisition of 51% stake in Pune-based software technology firm, K2V2 for Rs 40 crore. Read more
Globally, 3.66 billion doses have been administered and 29.89 million doses are being administered each day. India, has also ramped up its vaccine production and administration and has now administered 40.5 crore doses across the country. Read more
Ashish Deora, CEO and Founder Aurum Ventures, a new age Real Estate company offering end-to-end capabilities, shares his views on aligning sustainability and business. Read more
Ashish Deora, CEO and Founder Aurum Ventures, a new age Real Estate company offering end-to-end capabilities, shares his views on aligning sustainability and business. Read more
Real Estate like Environment is ubiquitous. Every living human being breathes and consumes a piece of Environment as well Real Estate every moment, every day, every year. While one is a creation of nature the other is a creation of human. This creation of humans however is devouring the creation of nature. Read more
Technology has touched and transformed every aspect of human life from healthcare to manufacturing to financial services to national security. Thanks to technology we can transact with a tap on our mobile devices, doctors can provide healthcare through teleconsultation and reach the remotest corners of the world, students are getting access Read more
Learning is a life-long process and I truly believe that upskilling gives you immense power to lead with confidence. Upskilling is to provide additional skills by way of education and training that can help individuals excel at their work and in most cases, climb the ranks and take up more responsibility. Read more
Aurum Platz IT has also made a mandatory open offer to buy up to 26% stake from the public at the same price, which is a premium of about 14% over Majesco's volume weighted average market price during the previous 60-day trading period and 21.5% over its last traded price on Friday. Read more
The pandemic and the disruption caused by COVID 19 has put the spotlight on what the former US President said decades ago. Real estate was facing its share of challenges before the pandemic began like rising costs of construction, transition into new laws like RERA, GST, changing consumer behaviour with a preference for rented accommodation, etc. Read more
Put simply, PropTech is the use of technology to drive efficiencies in real estate, ultimately leading to improved asset returns, reduced friction, and greater transparency. Historically, real estate has lagged other industries in embracing Technology. Read more
Investor Aurum Ventures has acquired the promoters stake in Majesco and now made an open offer to acquire 26 per cent more stake from the public shareholders. Aurum has acquired 14.78 per cent in Majesco through one of its subsidiaries Aurum Platz IT Private Limited. Read more
The real estate sector is confronting crippling liquidity for a long time. A relaxation in norms for raising capital, tax incentives for home buyers, reduction in housing finance cost through preferred interest rates, continuing subsidies under Pradhan Mantri Awas Yojana (PMAY), and paving the road for the quick availability of Alternate Investment Funds (AIF) are some of the relief measures the sector expects. Read more
Union Budget 2021 India: The extension of the sops would also help improve the performance of non-bank lenders, who are the chief providers of credit to both developers and buyers of affordable homes. Read more
Software exporter Majesco's board has approved an interim dividend of Rs 974 per share, in what could be one of the highest dividend payouts ever in the history of India's stock market. Shareholders will collectively get Rs 2,788 crore as dividend payout. Read more
SAN FRANCISCO and MORRISTOWN, N.J., Sept. 21, 2020 /PRNewswire/ -- Thoma Bravo, L.P. ("Thoma Bravo" or the "Firm"), a leading private equity firm focused on the software and technology-enabled services sectors, today announced that it has completed the acquisition of Majesco (Nasdaq: MJCO), a global leader of cloud insurance software solutions for insurance business transformation Read more
Software exporter Majesco's board has approved an interim dividend of ? 974 per share, in what could be one of the highest dividend payouts ever in the history of India's stock market. Shareholders will collectively get ?2,788 crore as dividend payout. Read more
The software, built on the computer-aided design concept, provides a 3D vision of the lifecycle of a product from conception to maintenance and recycling. "We are defining the next level of solutions in which the media of communication will be 3D. This will enable testing a car's ergonomics before it is built," said Christian Nardin, president of Dassault Systemes Asia. Read more
An Indian fund dedicated to investing in real estate, renewable energy and mining businesses. The large-scale extraction of iron in Uruguay, a possibility that began to be handled a few years ago in the midst of a great controversy, is an unknown for the short and medium term now that the signing of the contract between the Read more
Montevideo, Oct 30 (EFE).- India's Zamin Ferrous has turned over Aratiri, a gigantic iron mining project in the heart of Uruguay, to another Indian company, Aurum Ventures, Uruguayan Deputy Economy Minister Pablo Ferreri said. "Yes, there are new players. They've already already expressed interest and have introduced themselves to the Uruguayan government," Ferreri told EFE. Read more
Argentum Motors, India's largest independent automotive contract manufacturer has announced that it has signed definitive documents for the acquisition of a controlling interest in the iconic French automaker, Heuliez S.A. The Commercial court of Bressuire approved today, the "safeguard plan" (plan de sauvegarde) proposed by Argentum and Groupe Henri Heuliez and Heuliez SA. Read more
Mumbai-based IOL Broadband Ltd and Aksh Optifibre have signed a content delivery network affiliation contract with MTNL. MUMBAI: Infrastructure suppliers are fighting for what could be a gold mine as Internet Protocol television (IPTV) comes into India with over a billion potential viewers. Read more