Organisers hope that the festival, which is around five months away, will give a boost to tourism and businesses, besides helping build the brand of New Town.
The Delhi Police has arrested 14 people over the violence during a Hanuman Jayanti procession in Jahangirpuri.
Muslims led by Tahir Ahmad welcomed the procession, showering petals and offering garlands to those taking part in it.
Incidents of violence were reported across various states following the Ram Navami processions.
The annual art fair, now in its sixth edition, will have on display 3,500 artworks brought by over 20 galleries from across the country.
"Holi this year is very special because the last two years there was not much celebration because of the pandemic," Jaipur resident Girdhari Lal Sharma said.
BSP supremo Mayawati tweeted in Hindi, "Best wishes to all the countrymen especially the people of UP on the occasion of festival of colours - Holi."
In the coastal Konkan region, where Holi is celebrated with great fervour, the festival was marked in a traditional manner after a two-year hiatus.
Apart from seeking change in the timings of Friday prayers, he urged Muslims to offer prayers in local mosques.
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The festival is celebrated with great zeal and enthusiasm, particularly in Mathura and Vrindavan.