The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has signed a Memorandum of Understanding (MoU) with HDFC Capital Advisors Limited to promote innovation and support startups in the affordable housing and PropTech sectors. This strategic alliance reinforces DPIIT’s commitment to nurturing an inclusive, innovation-led startup ecosystem in line with the objectives of Atmanirbhar Bharat and Viksit Bharat@2047.

A central pillar of the partnership is the H@ART Programme (HDFC Affordable Real Estate and Technology Programme), a dedicated initiative by HDFC Capital to boost efficiency and cut costs across the residential real estate development cycle. The programme seeks to create growth pathways through connections with the affordable housing ecosystem, strategic investments in emerging PropTech firms, and structured mentorship via accelerators, academic bodies, and investors.

Shri Sanjiv, Joint Secretary at DPIIT, highlighted the importance of engaging with major industry players such as HDFC Capital to foster innovation and scalability across India’s expanding startup sector.

Vipul Roongta, Managing Director and CEO of HDFC Capital Advisors, remarked, “India’s startup ecosystem has made remarkable strides, and HDFC Capital is committed to accelerating innovation in affordable housing and PropTech to support national development goals.”

The MoU was formally signed by Mohammad Isharar Ali, Director at DPIIT, and Vipul Roongta, in the presence of senior representatives from both organisations.