The foundation stone of the memorial was first laid in 1995. Earlier, the park was named Dr. Bhimrao Ambedkar Udyan. In 2012, it was renamed the Dr. Bhimrao Ambedkar Memorial and development work continued until 2002-03. In 2007, the park underwent further renovation and development. It was initially opened to the public on 14 April 2008 by Chief Minister Mayawati.