Star Housing Finance plans to expand presence in Pune region; Stock trades lower

29 Jun 2022 , 10:44 AM

Star Home Finance Limited, a BSE listed rural focused housing financing company has announced that it intends to penetrate deeper into existing geographies as part of its expansion strategy to meet the housing finance needs of the rural populace.

With an existing presence in Pune, Star HFL intends to expand into other locations in the region, and has identified Baramati, Mahad, Poladpur, Nashik, Ahmednagar and Pimpri-Chinchwad locations to be present over the next 12-18 months through physical and digital offices.

These locations, post getting operational shall be manned with officers having housing finance experience and local know how thereby enabling credit access to prospective borrower towards purchase/construction of own home in the form of low-cost housing units.

Sandeep Kadam, Business Director of Star HFL in Pune Region said “Pune region is a solid residential market, particularly in affordable housing space with favourable demographics and better affordability. With rising demand in semi urban and rural areas and an urgent need for financial inclusion, Star HFL plans to meet this need by expanding deeper in Pune region.”

At around 10:45 AM, Star Hosuing Finance was trading at Rs131 per share lower by 0.57% on the BSE.