Adani-Led Navbharat Mega Developers to Transform Dharavi
The Dharavi Redevelopment Project, a groundbreaking initiative to revitalize one of Asia’s largest slums, has entered a new phase with the rebranding of its executing body. Dharavi Redevelopment Project Private Ltd (DRPPL), backed by the Adani Group, is now officially known as Navbharat Mega Developers Private Ltd (NMDPL).
This rebranding, endorsed by the company’s board of directors and the Ministry of Corporate Affairs, aims to eliminate confusion with the Dharavi Redevelopment Authority (DRA), the Maharashtra government’s special planning authority overseeing the project. While the DRA remains the supervising authority, the rebranding underscores the Adani Group’s pivotal role in the project’s execution.
A Vision of Modern Living for Dharavi
Spanning over 600 acres in Mumbai, the Dharavi Redevelopment Project seeks to replace slum housing with modern flats, sustainable infrastructure, and world-class amenities. Navbharat Mega Developers, a special-purpose vehicle, comprises an 80% stake held by the Adani Group and 20% by the Maharashtra government through the Slum Rehabilitation Authority (SRA).
The $3 billion project plans to offer free flats of up to 350 square feet to eligible residents, alongside improved facilities and infrastructure. With ₹2,000 crore already invested in land transactions, surveys, and groundwork, the project is set to reshape Dharavi into a sustainable urban district.
“Our collaboration with airlines, both domestic and international, is advancing rapidly,” said Bansal. “We’re committed to providing seamless connectivity and an unparalleled passenger experience.”
The airport’s cutting-edge amenities and strategic location aim to attract airlines while alleviating the pressure on the overcrowded CSMIA. To further enhance capacity, the construction of a second terminal is slated to begin in March 2028.
Legal Milestones and Challenges
In a significant legal victory, the Bombay High Court recently dismissed a writ petition by SecLink Technologies Corporation (STC), which had contested the project award. Adani Properties Private Limited (APPL) was declared the preferred bidder in November 2022, clearing the way for the project’s progression.
Despite these advancements, the project faces criticism from local residents and activists over concerns about housing adequacy and the potential impact on businesses. The developers have assured stakeholders of their commitment to addressing these issues through transparent planning and inclusive policies.
Shaping Mumbai’s Future
The rebranding to Navbharat Mega Developers reflects a renewed commitment to efficient project execution and public engagement. This initiative promises to redefine Dharavi, enhancing the quality of life for its residents while boosting Mumbai’s urban landscape.
As construction advances, all eyes remain on the Adani Group-led project to ensure its ambitious goals are achieved, setting a new benchmark for urban renewal initiatives in India and beyond.
