**Summary:**
On July 31, 2025, the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, entered into a Memorandum of Understanding (MoU) with HDFC Capital Advisors Limited. The MoU aims to stimulate innovation and provide support to startups operating within the affordable housing and PropTech sectors. This collaboration aligns with the government's "Atmanirbhar Bharat" and "Viksit Bharat 2047" initiatives, focusing on building an inclusive and innovation-driven startup ecosystem.
A key component of this partnership is the HDFC Affordable Real Estate and Technology Programme (HART), launched by HDFC Capital. HART is designed to improve efficiency and reduce costs throughout the residential real estate development cycle. The program will create growth opportunities by connecting with the affordable housing developer ecosystem, making strategic investments in emerging PropTech companies, and providing mentorship through collaborations with accelerators, academic institutions, and investors.
The MoU was signed by Director, DPIIT, Mohammad Isharar Ali, and Managing Director and CEO of HDFC Capital Advisors Limited, Vipul Roongta. Joint Secretary, DPIIT, Shri Sanjiv, emphasized the importance of engaging with industry stakeholders like HDFC Capital to foster innovation and scalability within India's startup ecosystem. Vipul Roongta stated HDFC Capital's commitment to accelerating innovation in affordable housing and PropTech. This partnership signifies DPIIT's ongoing efforts to promote public-private collaboration for a resilient and forward-looking innovation ecosystem.
Key Entities Referenced
Ministry of Commerce and Industry: The Indian government ministry responsible for international trade and industrial development.
DPIIT: Department for Promotion of Industry and Internal Trade, a department under the Ministry of Commerce and Industry.
HDFC Capital Advisors Limited: A financial institution partnering with DPIIT to boost innovation in affordable housing and PropTech.
Atmanirbhar Bharat: A government of India initiative for self-reliance.
Viksit Bharat 2047: A government of India's vision for a developed India by 2047.
HART Programme (HDFC Affordable Real Estate and Technology Programme): An initiative by HDFC Capital to enhance efficiency and reduce costs in the residential real estate development cycle.
Sanjiv: Joint Secretary, DPIIT.
Vipul Roongta: Managing Director and CEO, HDFC Capital Advisors Limited.
Ministry of Commerce & Industry
DPIIT signs MoU with HDFC Capital Advisors
Limited to boost innovation in affordable housing and
PropTech sectors
Posted On: 31 JUL 2025 4:50PM by PIB Delhi
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry,
signed a Memorandum of Understanding (MoU) with HDFC Capital Advisors Limited to foster innovation
and support startups in the affordable housing and PropTech sectors. This strategic collaboration reinforces
DPIIT’s commitment to building an inclusive, innovation-driven startup ecosystem aligned with the goals of
Atmanirbhar Bharat and Viksit Bharat@2047.
A key element of the partnership is the H@ART Programme (HDFC Affordable Real Estate and Technology
Programme), an initiative launched by HDFC Capital to enhance efficiency and reduce costs across the
residential real estate development cycle. The programme aims to facilitate growth opportunities through
linkages with the affordable housing developer ecosystem, strategic investments in emerging PropTech
companies, and mentorship in collaboration with accelerators, academic institutions, and investors.
Joint Secretary, DPIIT, Shri Sanjiv, underlined the significance of engaging with key industry stakeholders
such as HDFC Capital Advisors Limited to foster innovation and scale in India’s evolving startup landscape.
Managing Director and CEO, HDFC Capital Advisors Limited, Vipul Roongta stated, “The Indian startup
ecosystem has shown remarkable progress, and HDFC Capital is eager to play a pivotal role in accelerating
innovation in affordable housing and PropTech, contributing to the nation's development goals.”
The MoU was formally signed by Director, DPIIT, Mohammad Isharar Ali and Managing Director and CEO,
HDFC Capital Advisors Limited, Vipul Roongta, in the presence of senior officials from both organisations.
This partnership marks another milestone in DPIIT’s ongoing efforts to catalyze public-private collaboration
for a resilient, self-sustaining, and forward-looking innovation ecosystem.
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Abhishek Dayal/ Abhijith Narayanan/ Ishita Biswas
(Release ID: 2150788)