While both historically and religiously significant, it is also known for its popular and busy local markets surrounding the structure, and has become one of the most frequented tourist attractions in Hyderabad.

Charminar is also a site of numerous festival celebrations, such as Eid-ul-adha and Eid al-Fitr,[4] as it is adjacent to the city's main mosque, the Makkah Masjid.

The Archaeological Survey of India (ASI), the current caretaker of the structure, mentions in its records, "There are various theories regarding the purpose for which Charminar was constructed.

However, it is widely accepted that Charminar was built at the centre of the city, to commemorate the eradication of plague", a deadly disease which was widespread at that time.

While laying the foundation of Charminar, he performed the prayers in Dakhini couplets, which are recorded as follows:[16]: 4 [17] Dakhini Urdu میرا شہر لوگوں سے مامور کر راكهيو جوتو دريا میں مچھلی جيسے Charminar was later captured and became an icon of Mughal Empire, the Asaf Jah I was the custodian of the famous structure.

80,000 Sepoy units loyal to the Mughal Empire lived within the "garrison of the Charminar" and often viewed it as a sister of the Taj Mahal[citation needed].

There is a vazu (water cistern) in the middle with a small fountain for ablution before offering prayer in the Charminar mosque.

[21][22] In 2007, Hyderabadi Muslims living in Pakistan constructed a small-scaled quasi replica of the Charminar at the main crossing of the Bahadurabad neighbourhood in Karachi.

The project was proposed by the government of Telangana in 2016 and is part of a larger effort to improve the city's urban infrastructure.

The Charminar is a historic monument that attracts millions of visitors each year, but the surrounding area is congested with traffic and is not conducive to walking.

The Pedestrianisation Project seeks to address this issue by creating a car-free zone around the monument and improving the overall pedestrian experience.

The project involves the construction of wider sidewalks, pedestrian crossings, and improved lighting, as well as the installation of street furniture and landscaping to create a more attractive and welcoming environment for visitors.

The plan also includes the development of a dedicated parking area for visitors to the Charminar, which will be located outside the pedestrian zone.

However, proponents of the project argue that the benefits of creating a more pedestrian-friendly environment around the Charminar will outweigh any short-term disruptions.

Overall, the Charminar Pedestrianisation Project represents an important effort to improve the urban infrastructure of Hyderabad and create a more attractive and accessible environment for visitors to one of the city's most iconic landmarks.

[27] Later during January 2017, the new Government of Telangana introduced a 14-member French Delegation to take over the project to assess the feasibility in developing the monument as an eco-friendly tourism and heritage destination.

[28][29] The team has inspected surrounding areas such as the Gulzar house, Makkah Masjid, Lad Bazar, and Sardar Mahal.

Also, a temple is seen in a photograph taken in 1986, which is kept in the Aga Khan Visual Archive, MIT Libraries' collections, United States, but not in the earlier ones.