D365 CE - Rename organization/Instance url and name in cloud - Powerplatform

After creating the organization/Instance in cloud, we may want to rename the organization URL to fix a typo or we have changed our mind.

Can we do it?  => yes, of-course 

Note: The organization unique name cannot be modified!


How to fix it?

Consider we need an dev organization for Contoso. By mistake we created as ContosDev instead of ContosoDev

1. Go to https://admin.powerplatform.microsoft.com/environments
2. Open the environment(by clicking Constosdev cell) and click "Edit"
   
3. Update the URL and name as needed
   

Voila, now the url is updated!