The file has been submitted for approval, the official in the Chief Minister's Office told PTI.
In an attempt to preserve a crucial piece of Indian history, Dr Babasaheb Ambedkar's followers have sought Prime Minister Narendra Modi's help in buying the London apartment, which was once the social crusader's home.
The event was attended by representatives of the London-based Federation of Ambedkarites and Buddhist Organisation, UK, which had launched a campaign a few years ago to urge the Indian government to purchase the property as a historically relevant monument.
An "under offer" sign outside the 10 King Henry's Road townhouse indicates that the sale process is nearly complete.