New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) has formalised a partnership with HDFC Capital Advisors Limited to promote innovation and entrepreneurship in India’s affordable housing and property technology (PropTech) sectors. The collaboration is part of the H@ART (HDFC Affordable Real Estate and Technology) Programme led by HDFC Capital.
This strategic initiative aims to create an enabling environment for startups working on cost-effective, technology-driven solutions in residential real estate. The programme is structured to improve efficiencies and reduce costs across the housing development value chain.
Key components of the partnership include facilitating access for startups to housing developers, providing targeted mentorship through accelerators and academic networks, and enabling strategic investments in early-stage PropTech ventures. The initiative also seeks to bridge the gap between technological innovation and practical deployment within the affordable housing segment.
Sanjiv Singh, Joint Secretary at DPIIT, stated that the partnership aligns with the department’s broader goal of fostering public-private collaboration to strengthen the country’s innovation ecosystem. Rather than acting as a funding mechanism, the programme is designed to offer startups strategic exposure, market access, and sector-specific support.
The move reflects a shift in India’s innovation policy landscape, where government departments are actively working with private sector institutions to drive domain-focused innovation. With increasing attention on PropTech and affordable housing, the partnership aims to catalyse scalable solutions that address key infrastructure and planning challenges in urban development.
The impact of this collaboration will depend on how effectively the participating startups can implement viable solutions within the framework of India’s evolving real estate market.
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