"When we prepare the blueprint of the building, we will keep in mind that we develop a capability where we can fight the future wars from this building," Army Chief General Bikram Singh said.
He said the building would be of no use if it does not have a facility, "where the three services chiefs can sit together in a basement during the times of war."
The tri-services Integrated Defence Staff (IDS) was set up on the basis of recommendations of a high-level committee formed in the aftermath of the 1999 Kargil war with Pakistan.
Speaking on the occasion, Jaitley said the government would provide all required support for the construction of the new building to be erected near the domestic airport in Delhi.
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"The armed forces maintain their property very well and I think that can be an example for others to follow," he said.
Presently, the armed forces function from the South Block but with increasing number of institutions and formations coming under it, the need was felt for creating a separate building.