The provincial government early this month approved the release of Rs 2.35 crore to purchase the ancestral houses of the two legendary actors located in the heart of this city.
The price of Dilip Kumar's four marla (101 square metre) house has been fixed at Rs 80.56 lakh (USD 50,517) while that of Raj Kapoor's six marla house (151.75 square metre) at Rs 1.50 crore (USD 94,061).
After the procurement, both the houses will be converted into museums by the archaeology department of Khyber Pakhtunkhwa.
However, the owners of the ancestral houses have refused to sell the buildings at the rate fixed by the provincial government, saying the prime location property has been severely undervalued.