Star Housing Finance Limited plans to expand presence in Tamil Nadu

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 Chennai, Star HFL intends to expand to Kancheepuram, Vellore and Madurai locations 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.

Further, Mr. Rajesh Gopinath Business Director of Star HFL for TN region said "Tamil Nadu is one of India's major state economies, with rebounding development in practically all sectors, including real estate, in recent years. As a result of such multi-faceted developments, demand for residential housing is increasing across locations, and we see significant prospects in the semi urban and rural regions, making it a vital strategic site for us in terms of expansion. Star HFL continues to witness high demand for home loans and is optimistic about expanding its footprint in these geographies through competitive products and timely service."

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 Chennai Kancheepuram Vellore Madurai