Star HFL Reaches Rs. 500 Crs AUM Milestone

Star Housing Finance Limited (Star HFL) has crossed Rs. 500 Crs AUM, serving over 5000 families with a focus on low-cost housing in tier II and III towns. The milestone aligns with the company's growth objectives, bolstered by 30+ branches and 250+ employees. CEO Kalpesh Dave expresses optimism for future growth.

Star Housing Finance Limited (Star HFL), a housing finance firm specializing in low-ticket loans, announced it has crossed Rs. 500 Crs AUM. The company, which serves tier II and III towns and semi-urban areas, has successfully aided over 5000 families, targeting Economically Weaker Sections (EWS) and Low Income Groups (LIG).

This achievement aligns with the company's growth objectives and was celebrated across its 30+ branches staffed by over 250 employees. Star HFL's success is attributed to its team of housing finance professionals and a strong, independent Board.

CEO Kalpesh Dave remarked, "Reaching Rs. 500 crs AUM enhances our visibility among stakeholders, particularly in debt and equity markets. Our goal to serve over 10,000 homebuyers in the next 6-8 quarters is driven by renewed government focus on affordable housing and recent budget announcements."

(With inputs from agencies.)