Built in the twentieth century, it is located at the crossroads of Jam Bagh, Begum Bazaar, and Station Road.

It was conceived and implemented by the City Improvement Board (CIB), which was founded in 1912 by Osman Ali Khan for the development of Hyderabad.

[2] The market was named after prince Moazzam Jah, second son of Osman Ali Khan and president of the CIB.

[4] At the time, the primary market of Hyderabad was still Mir Alam Mandi, located in an older, more congested part of the city.

This architectural style was intended to communicate secularism, and drew from Kakatiya, Qutb Shahi, Mughal, and Asaf Jahi forms.