The Mahaboob Chowk a torpid looking quadrangle with an imposing tower in the middle is a listed Heritage Building under Grade –III, consist of five – storied clock tower was built by Nawab Asman Jah Bahadur in a small park. He belonged to the Paigah family, and served as the Prime Minister of the State of Hyderabad from 1887 to 1894.
Today it is functioning as a Municipal Market locally called Murgi Chowki where clock tower is centrally located surrounded by local shopping, also consist of Private properties with two Heritage structures (1) old Homeopathy Hospital Grade-II building, converted into function hall and (2) Mahabub chowk mosque Grade-III building standing nearby on a platform imposes in a Mogul favour are located. At present clock tower boundary wall and Foot paths were encroached with old tools and hardware shops. Murgi Chowk consisting of U-type shopping complex with shops pertaining to statues and ornamental articrafts black metal, ware made of gun metal, were manufactured under cottage industry. Old rare books and also shops selling birds of different species are seen. Some of the shops roofs were collapsed and some are abandoned and are very much in a ruin condition and some entrances with beautiful arch design are still intact. It is very much imperative to get restored to its original use and functionally. The local communities are still actively survive on this market.
The total area consists of 4666.00 sq.mts approximately 1.00 Acrs consist of 262 shops most of them are in dilapidated condition and majority of the shops are occupied by meat merchants such as Beef, Goat & Chicken. One side different kinds of birds were also sold. As of now it is proposed to construct a new remodelled market with the same architectural style duly by properly documenting the existing structure with underground cellar and Ground & First Floor accommodating the existing tenants and also the encroaches who are there in surrounding area of clock tower to create the ambiance of the area of Historic Style and plaza of 18th century with an estimated cost of Approximately Rs. 5.00 Cr. As estimated by the conservation architects which includes renovation of Clock tower with Rs. 1.50 cr. and alone for balance Rs. 3.5 Cr. for renovation of Murgi Chowki.