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 to boost innovation and support startups in the affordable housing and PropTech sectors.

The initiative aligns with the vision of Atmanirbhar Bharat and Viksit Bharat@2047, reinforcing DPIIT’s commitment to fostering an inclusive, innovation-led startup ecosystem. A central feature of the collaboration is the H@ART Programme (HDFC Affordable Real Estate and Technology Programme), launched by HDFC Capital to improve efficiency and cut costs across the residential real estate development cycle.

The programme will connect startups with the affordable housing developer network, channel strategic investments into emerging PropTech ventures, and provide mentorship via accelerators, academic institutions, and investors. The MoU formalises public-private cooperation aimed at creating a resilient, self-sustaining, and future-ready innovation ecosystem for India’s real estate sector.