Mumbai-based Aurum PropTech has completed India's first share-swap acquisition in the proptech sector by acquiring REA Group's PropTiger through an all-equity strategic transaction, with REA India receiving a 5.5% stake in return.

HSBC rates Prestige Estates and Sobha 'buy' in Mumbai, DLF and Godrej Properties 'hold', and Oberoi Realty'reduce'. The brokerage company raised its share price predictions for several firms, indicating that interest rate swings and new projects would likely affect their profitability.