Bhawani Shankar Khatri along with Amir Khan Pindari betrayed Maharaja Holkar by taking the British side and they were well awarded by the British for this act of betrayal. Amir was awarded a Jahgeer of Tonk while Bhawani got a Jahgeer in Delhi and this haveli. This is the reason Coronation Building is also poularly known as ‘Namak Haram ki Haveli’.
Like many Havelis around this Old city of Delhi, this Haveli depicts magnificent Mughal architecture with arched doorways almost seen in a dilapidated state partially covered in black colour due to the nearby shops selling charcoal; however, the first floor Balcony still retains its originality. The ground floor is seen with many small shops rented by people and also has a placard which reads ‘Heritage Building’ and a short description of its unique name. Most of the people living there do not even realise the significance of this Heritage property and maybe the main reason of its neglect.