Mumbai | October 8, 2026: Godwitt Group and HDFC Capital, the real estate private equity arm of the HDFC Group, have launched an institutional workforce housing platform to develop, own and operate more than 100,000 beds across India’s industrial and manufacturing hubs.

The platform aims to address the demand for professionally managed accommodation for frontline manufacturing and industrial workers. It will focus on providing safe and hygienic housing with functional amenities across key manufacturing centres and industrial corridors.

Nirav Kothary, Promoter, Godwitt Group, said, "Through our experience in industrial real estate development, we have witnessed firsthand the challenges employers face in providing quality housing for their workforce. Workforce attrition resulting from long commutes, inadequate accommodation and poor living conditions continues to impact operational efficiency across manufacturing clusters. This platform addresses a critical gap by developing professionally managed workforce housing, prioritizing safety, hygiene and functional comfort. Our partnership with HDFC Capital brings together long-term institutional capital and deep industrial real estate expertise to build a scalable platform and improve workforce living standards."

The initiative comes as India seeks to expand its manufacturing sector. The Government of India's National Manufacturing Mission aims to increase manufacturing's share of GDP to 25% by 2035 while creating 143 million jobs. According to NITI Aayog, India will require approximately 25 million workforce housing beds over the next decade.

Vipul Roongta, CEO, HDFC Capital, said, "Organized workforce housing for both, men and women is an essential component of social infrastructure that enables workforce mobility, economic participation and inclusive industrial growth. Access to safe, dignified and quality housing is a fundamental human need and is critical to improving quality of life, promoting decent work, and creating more resilient and sustainable communities.”

HDFC Capital has investments and activities across affordable and mid-income housing, as well as rental housing platforms in segments such as senior living and student accommodation. Roongta said, “Workforce housing is a natural extension of this vision. Through our partnership with Godwitt, we aim to build a scalable platform that expands access to quality workforce housing and strengthen India's manufacturing ecosystem,"

Karan Singh Sodi, Senior Managing Director, JLL India, said, " There is a clear need for professionally managed workforce housing solutions that improve worker well-being and enhance productivity. The partnership between Godwitt Group and HDFC Capital represents an important milestone towards creating quality workforce housing in India."

The partners intend to scale the platform across industrial locations, with a focus on improving accommodation standards for workers and supporting workforce mobility in India's manufacturing ecosystem.