The 10, Rajaji Marg mansion will now be the humble abode of 81-year-old Mr Mukherjee as he moves out of the grand Rashtrapati Bhawan, where he had assumed office as the 13th President on July 25, 2012.
The British-era bungalow, endowed with sloping red-tiled roof and fitted with chimneys, has been given a fresh coat of paint while its wide lawns and gardens spruced up.
The two-storey house had also served as a retirement home for former president the late APJ Abdul Kalam till his death in 2015, after which it was allotted to Union Culture Minister Mahesh Sharma.
Mr Sharma vacated the 10, Rajaji Marg house after it was allotted to Mr Mukherjee and has shifted to the bungalow at 10 Akbar Road, a single-storey Lutyens' mansion, a senior official said.
Incidentally, the minister's official bungalow is also serving as a temporary residence of President-elect Ram Nath Kovind, who has been staying in it since filing his nomination as the NDA candidate.
And, so, while Mr Mukherjee, after bidding farewell to the Rashtrapati Bhawan, will move to the bungalow previously occupied by Mr Sharma, Ram Nath Kovind will ascend to the country's first residence from the minister's present official bungalow, in what can be described as a sort of full circle to the tale of these two presidents.
The 10, Akbar Road bungalow, on the day of the declaration of the presidential poll result last week, had begun to assume the aura of a residence of the Head of State, as a string of visitors, from Union ministers to senior leaders and MPs poured in to congratulate Mr Kovind on his victory.
Both bungalows, built during the creation of the new imperial capital of the British Raj, would now be bracketed with the highest symbol of democratic India.
The two residences are also emblematic of architectural excellence as evidenced in the 10, Akbar's white pillars or the 10, Rajaji's sloping roof.
The 10, Rajaji Marg house is spread over an area of 11,776 sq ft with the ground floor housing a library and an attached reading space for Mr Mukherjee, an avid reader.
Pranab Mukherjee retires as the President, crowning a political career of over five decades of exemplary service to the nation in the government as well as Parliament.
Ram Nath Kovind last served as the governor of Bihar before being elected as the successor to Mr Mukherjee.
Mr Sharma had earlier said the urban development ministry had asked if he had any objection to vacate the bungalow at 10, Rajaji Marg.
The Union minister had in his reply said the place was more important as it would house the outgoing president than him.
A retired president is entitled to rent-free accommodation anywhere in India with free water and electricity for the remainder of their life as per the President's Pension Rules, 1962.
Rajaji Marg was earlier known as King George Avenue (named after British monarch King George V). After Independence, it was renamed after C Rajgopalachari, the last Governor-General of India, who was fondly called 'Rajaji'.