It has been constructed by the Tata Group and took two years to get completed.
The new building will have more seating capacity with 1,272 seats for joint sessions.
The design of Lok Sabha is inspired by the national bird peacock and that of Rajya Sabha from national flower lotus.
The new building is spread over an area of around 65,000 square metres.
The much-talked-about sceptre or “sengol” will be installed by PM Modi.
A grand constitution hall will showcase the democratic heritage of India.