The fate of Bhau Daji Lad Museum hangs in balance as the Brihanmumbai Municipal Corporation (BMC) and INTACH continue to debate over the date of completion of the structure's restoration work. Uncertainty continues to prevail over who would take over the administrational duties of the museum even as the civic body has prepared a draft of committee members to take up the responsibility.

While BMC claims that restoration of the museum was completed in 2005, Tasneem Mehta, managing trustee of INTACH, insists that the revitalisation work was completed in 2012 after the heritage committee approved their proposal to restore the Bandmasters Cottage and adjacent structures.