The government said next year's Winter Session will be held in the new building.
Noting that the existing Parliament building is "unsafe", Union minister Hardeep Singh Puri on Saturday asserted that construction of the new one and redevelopment of the Central Vista Avenue, stretching from Rashtrapati Bhavan to India Gate, will be completed in a time-bound manner.
Both these projects are being executed as part of the Modi government's ambitious Central Vista redevelopment plan.
Stressing upon the need of a new Parliament building, the Union housing and urban affairs minister said that the current one is "unsafe" as when it was constructed, it was in Seismic Zone II but now that area lies in Seismic Zone IV.
During an interaction at the 'India Today Conclave 2021', Mr Puri said that the existing building, which doesn't have the capacity to accommodate more parliamentarians, was never designed to be Parliament and it was a council house of a colonial power.
"The number of members (parliamentarians) has been increasing since we became an Independent country. So, there have been a lot of internal adjustments and new facilities have been added...from a purely structural point of view, it is an unsafe building.
"When the building was constructed, it was in Seismic Zone II and today, that area is in Seismic Zone IV. It is not an exaggeration. We don't want to create panic, but you know you are above pushing the limit..." he said.
The redevelopment of the Central Vista envisages a new Parliament building, a Common Central secretariat, revamping of the three-km Rajpath from Rashtrapati Bhavan to India Gate, a new Prime Minister's residence and office, and a new Vice President's Enclave.
Tata Projects Limited has been constructing a new Parliament building near the existing one under the Central Vista redevelopment project.
The government said that the Winter Session of Parliament in December next year will be held in the new building.
Shapoorji Pallonji and Co Pvt Ltd has been executing the redevelopment of Central Vista Avenue stretching from Rashtrapati Bhavan to India Gate. The government plans to hold the Republic Day parade on the revamped Rajpath next year.
"These two segments are actually the showcase segment (of the Central Vista redevelopment project)," he said, adding that these projects will be completed within the time period.
The minister said that the new Parliament building will be constructed at a cost of around Rs 800 crore, while the Central Vista Avenue redevelopment work will be completed at around Rs 400 crore.
Besides, the government had floated tenders for the construction of three new buildings of Common Central Secretariat on the plot where the Indira Gandhi National Centre for the Arts is currently located
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