Star Housing Finance Limited Crosses ₹500 Crore AUM Milestone

Star Housing Finance Limited, a retail-focused housing finance company, surpasses ₹500 crore AUM. The company has served over 5000 EWS/LIG families in tier II and III towns and semi-urban areas. CEO Kalpesh Dave comments on the achievement and future growth prospects.

Star Housing Finance Limited (Star HFL), a retail-focused housing finance company, celebrated a significant milestone by surpassing ₹500 crore in assets under management (AUM). Specializing in low-ticket loans, the company has served more than 5000 families primarily in tier II and tier III towns and semi-urban areas.

The achievement is in line with the company's growth objectives. Currently operating through 30+ branches and employing over 250 staff across various regions and business functions, Star HFL remains committed to its mission of providing housing finance to first-time home buyers within the Economically Weaker Section (EWS) and Low Income Group (LIG) segments.

CEO Kalpesh Dave expressed his enthusiasm, stating, "We are thrilled to become an ₹500 crore AUM company. This milestone enhances our visibility in the stakeholder spectrum, especially in the debt market, equity market, and rating engagement." Dave also acknowledged the support of stakeholders, including the Reserve Bank of India, National Housing Bank, and the company's banking and rating partners. As the company aims to serve over 10,000 homebuyers in the next 6 to 8 quarters, it remains optimistic about benefiting from government initiatives like PMAY 2.0 and recent budget outlays.

(With inputs from agencies.)