The Board of Directors and the Ministry of Corporate Affairs have approved the name change. The new name, Navbharat Mega Developers, reflects the scale of the redevelopment and the company’s aim to create a modern community.

NMDPL is a special purpose vehicle formed between the Government of Maharashtra — through the Dharavi Redevelopment Project (DRP)/Slum Rehabilitation Authority (SRA) — and the Adani Group. The government’s role as the supervising authority for the project remains unchanged.

The name change also addresses potential confusion with the Dharavi Redevelopment Project (DRP), which is the government’s planning authority for the redevelopment. NMDPL clarified that the rebranding does not affect the project’s purpose or the government’s oversight.

Dharavi’s redevelopment is a part of India’s efforts to eliminate slums and provide modern housing. NMDPL reaffirmed its commitment to the project and its objectives.

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