Star HFL - Star Housing Finance Limited, a retail based housing loan company that focuses on retail, has crossed the Rs.500,000 crore AUM.
The organization essentially works in level II and level III towns and semi-metropolitan regions and has served in excess of 5000 families, zeroing in on the economically weaker section - EWS/Low Income group (LIG) segment.
This addresses a critical achievement for the Organization, lining up with the expressed development targets. Star HFL has accomplished this through its 30+ functional branches and staff of 250+ representatives working across geologies and business capabilities. The event was commended across areas with zing and energy.
The Star HFL team consists of HFC professionals with extensive domain and execution expertise. The strong and independent Board, which is made up of well-known BFSI professionals, provides support for the senior leadership team. The Organization has increased while staying immovable in its obligation to its business reasoning of giving lodging finance help to planned first-time home purchasers inside its objective client fragment.
Affordable housing has seen reestablished center from the Public authority of India with a relaunch of PMAY through PMAY 2.0 and yet again start the credit-connected sponsorship conspire. In addition, the most recent announcements regarding the Union budget have established a solid framework that will assist in the facilitation of more than 3 crore houses across the entirety of India, including the expenditure of more than Rs. 10 lakh crore. The favorable macros in the housing sector should be bolstered by these announcements. Lodging finance organizations, especially those zeroed in on retail, reasonable lodging spaces like Star HFL, are strategically set up to profit from these tailwinds and are very much ready for future development.
Commenting on the milestone, Kalpesh Dave, CEO of Star HFL says, “We are thrilled to become an Rs.500 crs AUM company. This milestone enhances our visibility in the stakeholder spectrum, especially in the debt market, equity market and rating engagement. Our meaningful role in fulfilling home-owning aspirations for our deserving customers brings us even greater satisfaction. This has been teamwork and would not have been possible without the support of all stakeholders, including the Reserve Bank of India, the National Housing Bank, our banking partners, our rating partners, our business associates, our valued customers and last but not least, our shareholders. As we embark on the next phase of our growth journey, we are excited and optimistic about our goal to serve over 10,000 homebuyers in the next 6 to 8 quarters.”
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