The Additional Municipal Commissioner, Y S Gupta, signed the Memorandum of Understanding (MoU) on behalf of the corporation and Aditya Arya on behalf of the Foundation, an official spokesman said.
It was signed in the presence of Municipal Commissioner V Umashankar and Additional Commissioner Narhari Bangar.
The museum to be set up in Chakkarpur would be developed by Municipal Corporation Gurugram under the Haryana Swarna Jayanti Project, Umashankar said.
The corporation would spend Rs 4.22 crore on infrastructure development of the project and the Foundation would be responsible for its maintenance and upkeep, he said.
Four per cent of total revenue of the museum would be deposited into the corporation's fund, he said, adding the MCG would have its ownership right.
The MoU has been signed for 11 years, the commissioner said.
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