Shahjahanabad Redevelopment Corporation is a Company limited by Shares not for profit under section 25 of the Companies Act, 1956. Main objective of the Corporation are to promote conservation of built and natural heritage in the National Capital Territory of Delhi which needs to be protected, nourished and maintained by all citizens, conservation as an attitude in city's urban development process, conservation of the civic and urban heritage which would include architecturally significant and artisan works, historical landmarks and living monuments having socio-cultural value not with the motive of profit. To promote conservation of built and natural heritage in the National Capital Territory of Delhi which needs to be protected, nourished and maintained by all citizens, conservation as an attitude in city's urban development process, conservation of the civic and urban heritage which would include architecturally significant and artisan works, historical landmarks and living monuments having socio-cultural value not with the motive of profit.
The objective incidental or ancillary to the attainment of main objects are:
- To protect and improve environmental assets of the city such as the riverfront, ancient city walls, gates, bridges, vistas, public places, edicts and rock cut formations and to take steps to improve civic services such as water supply, Sewerage, Electricity supply and Public Transport in NCT of Delhi and for this purpose to raise or arrange funding form, and/ or otherwise capitalise as far as possible, sources such as the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) or similar schemes as may be introduced from time to time.
- To formulate developments plans/programmes and redevelopment plans/programmes and implements such plans/ programmes or assist in their implementation through public private partnership or other frameworks, for built and Natural heritage, historical landmarks, living monuments and associated services provisions in NCT of Delhi and surrounding areas and to invite and appoint expert, academicians and consultants in any field required for the effective implementation of various policies, programmes and plans as may be required from time to time.
- To coordinate efforts with regard to prevention, maintenance and restoration of Heritage building and monuments with other organization, including non-government oragnisations working in this behalf and to provide assistance to individual, institutions, and non-governmental oragnisations in their efforts to save, conserve, protect, restore, preserve or maintain all or in part various components of urban heritage and to actively coordinate with other with other governmental agencies engaged in the conservation of heritage buildings, heritage zones and other areas of significant values.