Star Housing, Vastu partner to empower 5,000+ first-time buyers

04 Jun 2025 CW Team

Star Housing Finance has launched a co-lending partnership with Vastu Housing Finance Corporation to support over 5,000 first-time homebuyers, primarily in semi-urban and rural regions of India.

Under the alliance, Star HFL will originate, underwrite, and service loans, while Vastu HFC will provide capital, co-underwriting support, and its technology and risk-sharing framework. The goal is to scale affordable housing finance across underserved segments, especially EWS and LIG borrowers.

“This collaboration strengthens our reach and impact,” said Kalpesh Dave, CEO, Star HFL. Vastu CFO Sujay Patil added the partnership would fast-track progress in financial inclusion and affordable home ownership.

The affordable housing market in India is expected to grow to Rs 20-25 trillion by 2030. Over 95% of the urban housing deficit lies in EWS and LIG categories, with a rural shortfall of 43.7 million units.

NBFC-HFCs like Star HFL, offering Rs 8–15 lakh loans, are key to bridging the credit access gap, particularly for informal income households excluded from traditional financing.

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