Spread over five acres at I P Estate, the project is scheduled to be completed in two years.
SDMC Commissioner Puneet Goel and NBCC CMD A K Mittal signed the Memorandum of Understanding (MoU) in the presence of Urban Development Minister M Venkaiah Naidu, Railways Minister Suresh Prabhu and SDMC Mayor Kamaljeet Sherawat.
"The proposed modern steel and glass building with an open up view to the river Yamuna would be an iconic green building with incorporation of maximum smart features," an official release said.
After trifurcation of erstwhile Municipal Corporation of Delhi, no space for SDMC headquarters was allocated for the last five years.
It is functioning from the Dr. Shyama Prasad Mukherjee Civic Centre at Jawahar Lal Nehru Marg by sharing the covered area with North Delhi Municipal Corporation.
In February, the SDMC Standing Committee had cleared a proposal for the construction of SDMC headquarters near Pragati Maidan at I P Estate.
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