Press Release with respect to co-lending partnership with M/s. Vastu Housing Finance Corporation Limited.
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Star Housing Finance Ltd (BSE: 539017) has launched a co-lending partnership with Vastu Housing Finance Corporation Limited, described as India's leading affordable housing finance company. The partnership aims to help over 5,000 first-time home buyers across multiple Indian states, with a strong focus on semi-urban and rural markets. Under the model, Star HFL will handle loan origination, underwriting, and servicing, while Vastu HFC will provide capital support, co-underwriting, technology infrastructure, and a risk-sharing framework. The alliance targets economically weaker sections (EWS) and low-income groups (LIG) with average loan sizes of ₹8–15 lakh. The affordable housing market is projected to grow to ₹20–25 trillion by 2030 at a CAGR of 20–25%.
This partnership allows Star HFL to scale loan disbursements and geographic reach without taking on the full credit risk, which could boost AUM growth and profitability. Alliances with a marquee player like Vastu HFC may improve investor sentiment and support the stock's growth narrative in the affordable housing segment.