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NMDPL

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Dharavi, Asia's largest slum

Maharashtra Cabinet Approves Stamp Duty Relief For Dharavi Redevelopment

In a bid to expedite the Dharavi Redevelopment Project, the Maharashtra Cabinet has approved stamp duty concessions on lease agreements involving the project’s SPV and the Rail Land Development Authority. The relief aims to reduce transaction costs and accelerate the start of construction on one of India’s most ambitious urban renewal initiatives.
Dharavi, Asia's largest slum

Dharavi Redevelopment Project Pvt Ltd Renamed Navbharat Mega Developers Pvt Ltd

Dharavi Redevelopment Project Pvt Ltd (DRPPL) has rebranded as Navbharat Mega Developers Pvt Ltd (NMDPL), reflecting a broader vision for the Dharavi redevelopment. The name change, approved by the Board and Ministry of Corporate Affairs, aims to underscore the project’s scale while maintaining the government’s central role in overseeing the initiative.