Water shortages are one of the problems caused by global industrialization, with most wastewater discharged without proper treatment, leading to contamination and limited clean water supply. Therefore, it is important to identify alternative water sources because many concerns are directed toward sustainable water treatment processes. Nanofiltration membrane technology is a membrane integrated with nanoscale particle size and is a superior technique for heavy metal removal in the treatment of polluted water. The fabrication of nanofiltration membranes involves phase inversion and interfacial polymerization. This review provides a comprehensive outline of how nanoparticles can effectively enhance the fabrication, separation potential, and efficiency of NF membranes. Nanoparticles take the form of nanofillers, nanoembedded membranes, and nanocomposites to give multiple approaches to the enhancement of the NF membrane's performance. This could significantly improve selectivity, fouling resistance, water flux, porosity, roughness, and rejection. Nanofillers can form nanoembedded membranes and thin films through various processes such as in situ polymerization, layer-by-layer assembly, blending, coating, and embedding. We discussed the operational conditions, such as pH, temperature, concentration of the feed solution, and pressure. The mitigation strategies for fouling resistance are also highlighted. Recent developments in commercial nanofiltration membranes have also been highlighted.