Stamp Duty on Property Transactions in Lucknow
2025-01-30 03:25:05
Navbharat Mega Developers Pvt Ltd (NMDPL), a special purpose vehicle (SPV) between the Government of Maharashtra—via the Dharavi Redevelopment Project (DRP) and Slum Rehabilitation Authority (SRA)—and the Adani Group, has emerged from the rebranding of Dharavi Redevelopment Project Pvt Ltd (DRPPL).
The rebranding reflects the company’s renewed corporate vision and commitment to creating a modern, inclusive, and vibrant community. According to a company statement, "The name change to Navbharat Mega Developers Pvt Ltd aligns with the company’s promise of building a brighter and more prosperous future."
The name “Navbharat” signifies "New India," representing the project’s transformative potential to build a better tomorrow. “Mega” underscores the vast scale and impact of the initiative, while “Developers” highlights the company’s mission to create a thriving community. This new identity has been approved by the Board of Directors and the Ministry of Corporate Affairs, underscoring the company’s commitment to growth, change, and hope.
While the name change is aimed at reflecting a fresh outlook, it also helps distinguish NMDPL from the Dharavi Redevelopment Authority (DRP), the Government of Maharashtra’s special planning body overseeing Dharavi’s redevelopment. The government’s critical role and the project’s core mission remain unchanged, with DRP continuing to act as the supervising authority for this ambitious endeavor.
NMDPL’s focus remains steadfast on the execution of the Dharavi redevelopment project with transparency, inclusivity, and stakeholder welfare at its core. The company is dedicated to rehabilitating slums across the nation, bringing transformative change to the communities it serves.
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