DPIIT Signs MoU with HDFC Capital to Drive Innovation in Affordable Housing, PropTech
Partnership under H@ART programme aims to empower startups, reduce housing costs, and boost real estate innovation
New Delhi | August 1: In a strategic step toward fostering innovation in India’s real estate and startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry has signed a Memorandum of Understanding (MoU) with HDFC Capital Advisors Limited. The collaboration is aimed at accelerating innovation and scaling up startups in the affordable housing and PropTech (Property Technology) sectors.
The partnership is anchored in HDFC Capital’s flagship initiative, the H@ART Programme (HDFC Affordable Real Estate and Technology Programme), which focuses on increasing efficiency and reducing costs across the residential real estate lifecycle. The programme supports affordable housing developers and invests strategically in emerging PropTech startups, while also offering mentorship through partnerships with academic institutions, accelerators, and venture investors.
A Boost to Atmanirbhar Bharat and Viksit Bharat@2047
The MoU aligns with the national vision of building a self-reliant, innovation-led economy, reinforcing goals under Atmanirbhar Bharat and the long-term development blueprint Viksit Bharat@2047.
Speaking on the occasion, Joint Secretary of DPIIT, Sanjiv, emphasized the importance of engaging with credible industry players like HDFC Capital to unlock innovation and support India’s expanding startup base.
Vipul Roongta, Managing Director and CEO of HDFC Capital Advisors Limited, said, “The Indian startup ecosystem has demonstrated tremendous potential. Through this partnership, we aim to be at the forefront of affordable housing innovation and leverage PropTech to build a more inclusive and sustainable future.”
Formal Signing and Future Outlook
The MoU was signed in New Delhi by Mohammad Isharar Ali, Director at DPIIT, and Vipul Roongta, in the presence of senior officials from both entities. The agreement represents another key milestone in DPIIT’s effort to strengthen public-private partnerships, particularly in sectors with high potential for innovation, employment generation, and infrastructure growth.
As India continues to urbanize rapidly, the synergy between technology and real estate is poised to play a pivotal role in shaping the housing sector of tomorrow—efficient, affordable, and innovation-first.
