New Delhi: In a significant step toward fostering innovation in India’s real estate and technology sectors, 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 partnership aims to accelerate support for startups in the affordable housing and PropTech (property technology) domains.
The collaboration is aligned with the national visions of Atmanirbhar Bharat and Viksit Bharat@2047, and aims to build an inclusive and innovation-led startup ecosystem catering to India’s evolving urban and infrastructure needs.
Focus: H@ART Programme – Innovation in Real Estate
At the heart of this partnership is the H@ART (HDFC Affordable Real Estate and Technology) Programme, an initiative by HDFC Capital Advisors. The programme is designed to:
- Improve efficiency in residential real estate development
- Lower overall project and housing costs
- Promote strategic investments in emerging PropTech startups
- Provide mentorship opportunities via accelerators, academic institutions, and investors
- Forge deeper industry-developer-startup linkages in affordable housing
By facilitating robust innovation pipelines, the H@ART programme aims to empower real estate startups with tools, capital, and collaborative networks that can transform India’s housing landscape.
MoU Signing Ceremony
The MoU was formally signed by Mohammad Isharar Ali, Director, DPIIT, and Vipul Roongta, Managing Director & CEO, HDFC Capital Advisors Ltd. Senior officials from both organizations were present at the ceremony, underscoring the government’s and industry’s shared commitment to real estate innovation.
This partnership is expected to strengthen DPIIT’s startup support framework under the Startup India initiative and help scale up affordable housing solutions backed by cutting-edge PropTech innovations.
Key Objectives of the DPIIT–HDFC Capital MoU
- Strengthen India’s affordable housing startup ecosystem
- Provide structured mentorship and funding for early-stage PropTech ventures
- Align with India’s long-term infrastructure and urban development goals
- Empower startups to contribute to India@100 through tech-enabled housing solutions
About DPIIT
DPIIT stands for Department for Promotion of Industry and Internal Trade. It is a department within the Ministry of Commerce and Industry, Government of India. DPIIT is responsible for formulating and implementing policies and strategies to promote the growth of the industrial sector in India.
