Navbharat Mega Developers Private Limited (NMDPL), the special purpose vehicle executing the Dharavi Redevelopment Project, has been renamed Adani Navbharat Developers Private Limited (ANDPL) with effect from July 16, 2026. According to the company's statement issued on Monday, the name change has been approved by the company's board of directors, shareholders, and the Ministry of Corporate Affairs, Government of India. The new name formally aligns the company with the Adani Group's corporate identity and reflects the group's long-term commitment to delivering one of the world's largest urban redevelopment programmes.
The renaming change is limited to the company's name and does not affect the project's shareholding, governance structure, contractual obligations or implementation framework. As reported by ANDPL, the Adani Group's ownership, responsibilities, and commitments under the project agreement remain unchanged. All land and rehabilitation assets covered under the tender will continue to remain with the government of Maharashtra, and work on the DRP will continue without interruption. The statutory role of the Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA) also remains unchanged, with the government of Maharashtra continuing to exercise all statutory powers relating to rehabilitation, beneficiary eligibility and project implementation.
The Dharavi Redevelopment Project is estimated to rehabilitate around 72,000 residential and commercial tenants at a cost of over ₹95,790 crore, making it the country's largest slum redevelopment project. According to the latest reports, the Adani Group has an 80 per cent stake in ANDPL, while the remaining 20 per cent stake belongs to the state government. The DRP/SRA is a special body formed by the Maharashtra government under the SRA, with ANDPL serving as the executing body for the project.
Recently, Devendra Fadnavis, Chief Minister of Maharashtra, said the first phase of about 10,000 houses would be completed in the next 18 months. As reported by the company, land consolidation, faster approvals and timely rehabilitation are seen as key to achieving that milestone. The project represents a significant urban redevelopment initiative that will transform one of Mumbai's most densely populated areas into modern residential and commercial spaces.
