After the British East India Company had gained a foothold in North East India in the late 18th century, Calcutta became the capital of British held territories under Company rule (1774–1857) and remained so under the British Raj (1857–1920). British had captured Delhi by 1857 and George V announced in 1911 that the capital of British controlled parts of India would move back to Delhi. A new capital city, New Delhi, was built to the south of the old city during the 1920s. When India gained independence from British rule in 1947, New Delhi was declared its capital and seat of government. As such, New Delhi houses important offices of the federal government, including the Parliament of India, as well as numerous national museums, monuments, and art galleries.