Star Housing Finance Ltd has made a major announcement in its business, having entered into a co-lending arrangement with Vastu Housing Finance. This arrangement will allow for the direct assignment of up to ₹650 million loans, increasing Star Housing's ability to cater to first-time homebuyers, especially in rural and semi-urban regions.
The partnership will enable Star Housing to expand its reach and enhance delivery of services by tapping into Vastu's experience in housing finance. This strategic partnership aligns with the increasing popularity of affordable housing options in India, with both firms targeting economically weaker sections.
The project will help strengthen Star Housing's loan book and serve its vision of delivering accessible housing finance options.
Source: Times Of India