Prime Minister Narendra Modi will lay the foundation stone for the brand new Parliament building on December 10, Lok Sabha Speaker Om Birla announced on Saturday after formally inviting the PM for the event. The new structure, part of the Central Vista redevelopment project, will be spread across 64,500 sq metres, replacing the existing 93 years old Parliament house.

In September this year, the Tata Projects Ltd won a contract worth Rs 861.90 crore for the construction of the new building on a bid of Rs 865 crore. The estimated cost of the proposed Parliament is expected to be about Rs 971 crore.

The new building will come up at plot number 118 of the Parliament House Estate. It will be designed as ground plus two-storey triangular structure at an estimated cost of Rs 940 crore. The first look of the Parliament confirms reports that the national emblem of India will sit atop on the roof of the new building.