It was constructed by Sir Asman Jah, member of Paigah noble family and Prime Minister of Hyderabad state (1887–1894).

[1][2] It was once a palace with great architecture and magnificent interior.

The palace was dismantled by the state government after Indian independence, but the area is still known as Basheerbagh.

This place has the distinction of playing host to the Hindustani classical maestro, Bade Ghulam Ali Khan, who stayed here in the final years of his life, patronized by Zahir Yar Jung.

[4] After the abolition of the jagirs in 1949, Zahir Yar Jung and other grandsons of Asman Jah were unable to maintain the palace which led to the abandoning of the property and several other palaces of the family.