Dharavi Redevelopment Project Pvt Ltd (DRPPL) has changed its name to Navbharat Mega Developers Pvt Ltd (NMDPL), marking a significant step in its work to improve Dharavi, the largest slum in Asia located in Mumbai. The board of directors and the Ministry of Corporate Affairs approved this change.
NMDPL operates as a joint venture between the Maharashtra Government, through the Dharavi Redevelopment Project (DRP) & the Slum Rehabilitation Authority, and the Adani Group. The Adani Group owns 80% of the company, while the Maharashtra Government holds the remaining 20%.
Despite the new name, the government’s role in the project remains the same. The Maharashtra Government will continue to oversee the project through DRP. The rebranding aims to clarify that NMDPL is not the same as the Dharavi Redevelopment Authority, which is the official state planning body for Dharavi’s redevelopment.
In November 2022, Adani Properties, part of the Adani Group led by Gautam Adani, won the bid to manage the Rs 20,000-crore project that spans nearly 600 acres in Mumbai, India’s financial center.