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.聽
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.聽
鈥淭his collaboration strengthens our reach and impact,鈥� said Kalpesh Dave, CEO, Star HFL. Vastu CFO Sujay Patil added the partnership would fast-track progress in financial inclusion and affordable home ownership.聽
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.聽
NBFC-HFCs like Star HFL, offering Rs 8鈥�15 lakh loans, are key to bridging the credit access gap, particularly for informal income households excluded from traditional financing.
