New Delhi, May 20 (ANI): The BJP Parliamentary Party is holding a meet in New Delhi today to formally elect BJP's Prime Ministerial candidate Narendra Modi as its leader. Parliament House is all decked up to welcome the new MPs, especially Narendra Modi. Modi will be elected by BJP's 282 MPs as the Parliamentary Party leader at a meeting in the central hall of Parliament. Party patriarch LK Advani will propose his name as the new leader of the Parliamentary Party. Later, the NDA MPs will also elect him as the leader of NDA parliamentary coalition. After Modi's election as the Parliamentary Party leader, the BJP-led NDA will stake claim to form a new government at the Centre.