Hyderabad, Oct. 4 -- Nizam-era market Mir Alam Mandi located in Hyderabad is going to gain its lost historical glory as the Quli Qutub Shah Urban Development Authority (QQSUDA) is gearing up to restore it.

The historical Mandi which was named after the prime minister of third Nizam Sikander Jah will be restored at an estimated cost of Rs 10.50 crore.

Currently, crumbling Kaman and tin sheets covering the shops in the markets are posing threat. At present, a total of 40-50 storeowners and 300 vendors are doing business at the mandi spread on a five-acres location.

In April, a meeting that was presided over by Hyderabad MP Asaduddin Owaisi and attended by MAUD Special Chief Secretary Arvind Kumar and stall owners was held. In the meeting...