Star Housing Finance Limited plans to expand presence in Southern Gujarat

Star Home Finance Limited, a BSE listed rural focused housing financing company, 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 Surat, Star HFL intends to expand into other locations in Southern Gujarat, and has identified Umargaon, Vapi, Valsad and Navsari 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.

Mr. Mohan Tayade Business Director of Star HFL in Southern Gujarat said "Southern Gujarat 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 Southern Gujarat."

Shares of Star Housing Finance Ltd was last trading in BSE at Rs. 131.75 as compared to the previous close of Rs. 132.30. The total number of shares traded during the day was 63987 in over 222 trades.

The stock hit an intraday high of Rs. 133.35 and intraday low of 130.40. The net turnover during the day was Rs. 8442794.00.

Source : Equity Bulls

Keywords

StarHousingFinance INE526R01010 Expansion SouthernGujarat Vapi Valsad Navsari Umargaon