Mumbai/Ahmedabad, Oct 8, 2026: Godwitt Group and HDFC Capital, the real estate private equity arm of the HDFC Group, announced the launch of an institutional workforce housing platform across India’s industrial and manufacturing hubs.
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 platform seeks to address one of India’s most significant social infrastructure gaps by creating professionally managed workforce housing that supports the country’s rapidly expanding manufacturing sector. With a vision to develop, own and operate over 100,000 beds, the platform will provide safe, dignified and professionally managed accommodation for frontline manufacturing and industrial workers across key manufacturing centres and industrial corridors.
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.”
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.
HDFC Capital has a presence across affordable and mid-income segments, with a continued focus on rental housing platforms across senior living and student housing segments. “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,” added Roongta.
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.”