A medieval caravanserai called "Bara Katra" has been found in ancient Dhaka, Bangladesh. The historic monument Bara Katra's momentous cultural identity is a hallmark of Dhaka, still standing today and crying for proper conservation attention. It stands for social value, artistic beauty, emotional value, and the architectural history of Bangladesh. The history of the old Dhaka, both industrial and architectural, has become better known. In addition to the various state efforts, populous stakeholders in Bangladesh have come forward with concern for the preservation and restoration of monuments and historic sites. The initiatives have been designed to conserve Bangladesh's ancient heritage and culture for future generations. The artifact Bara Katra, which was the most magnificent architecture during the Mughal era, is deteriorating and has experienced numerous unintended adjustments over the years. The majority of the building's components have been demolished, except its southern wing. As a response, it requires special attention to take the necessary actions to preserve its heritage and cultural value for the civilization that values its legacy and cares about future concerns. Due to Old Dhaka's extensive ancient narrative, there are many opportunities to promote cultural tourism and tourist attractions in this neighborhood. This paper aims to demonstrate a conservation management plan technique with potential recommendations for Bara Katra, including necessary measures and adaptive reuse. The management policy likewise involves collaboration with the relevant authorities for conservation.