Star HFL, Vastu HFC Partner to Fund 5,000 First Homes

27 May 2025 CW Team

Star Housing Finance Ltd has launched a co-lending partnership with Vastu Housing Finance Corporation Ltd to support over five thousand first-time home buyers across India’s underserved regions. The alliance focuses on extending affordable housing loans to economically weaker sections and low-income groups in semi-urban and rural markets.

Under the agreement, Star HFL will manage loan origination and servicing, while Vastu HFC will provide capital support, participate in co-underwriting, and offer its technology and risk-sharing platform.

This collaboration aims to bridge the credit gap for borrowers lacking formal income proof or documentation, where 95 per cent of urban housing demand arises from lower-income segments and rural India faces a 43.7 million unit shortfall.

The companies target loan sizes between Rs 800,000 and Rs 1.5 million. With the housing finance market projected to reach Rs 20–25 trillion by 2030, growing at twenty to twenty-five per cent annually, the partnership is well positioned to scale operations and deepen rural reach.

Star HFL operates across six states, offering long-term housing loans, while Vastu HFC focuses on sustainable financial inclusion in peri-urban and rural areas.

Source:Press release by Star Housing Finance Ltd

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..