Aurora Homes is a residential property developer based in Madrid, Spain, focusing primarily on the management, promotion, and marketing of new-build homes for sale and rent, with particular expertise in housing cooperatives. The company, formerly known as Aurquia, adopted the name Aurora in 2024 and, as of October 2024, had been active in the market for nearly three years. Aurora Homes holds land to develop over 1,500 homes nationwide, with more than 1,000 of these in the Madrid region, especially in new urban areas like Los Berrocales and Los Cerros.
Aurora’s core activity is supporting the entire process of cooperative housing initiatives, from recruiting future residents as cooperative members to advising on legal, architectural, and financial matters throughout the construction phase. The company develops both open-market and subsidized housing. One of its recent projects is Nevia, a development of 88 homes under a public price-limited protection regime and structured as a housing cooperative in El Escorial.
Other ongoing or recent cooperative projects in Madrid include Talias, Arcadia, Meroe, Menfis, Nosia, Ítaca, and Buenavista. Aurora Homes reports that cooperative developments often yield cost savings of 15–20% compared to traditional market alternatives due to their non-profit structure. The organization emphasizes direct member participation in project decisions and financial management.
With a current investment exceeding 63 million euros in Madrid’s southeast and a portfolio aiming to address affordability and quality, Aurora positions itself as a local specialist in cooperative model housing without the trappings of speculative real estate.