Khan Bazaar is regarded as the priciest bazaar in Delhi. It is frequently referred to as the "heart of Delhi" due to its ideal position close to famous structures like parliament house, Rashtrapati Bhavan, and others. Known as the market of Lutyens' Delhi, this neighborhood is home to wealthy people and high-ranking officials.
The market became well-known five years ago when prime minister Narendra Modi used the phrase "Khan Market gang," which piqued people's interest. But Khan Market's uniqueness extends beyond its moniker. It draws tourists from all over the world since it is a well-liked location for dining and shopping.
The Origin
To house those who had fled pakistan following the partition, Khan Market was founded in 1951. Ground-level stores and upper-story apartments were part of the design. The market has the name of Abdul Jabbar Khan, brother of Abdul Ghaffar Khan and a liberation warrior. By facilitating the safe migration of Hindus from pakistan to india during the partition, Abdul Jabbar Khan played a pivotal role.
There were just three homes on the market at first, but as time went on, the homes were replaced with eateries and retail establishments. Khan Market is now a thriving center with thousands of businesses.
Who manages the shops?
The majority of Khan Market's stores are leased. The monthly rent for these stores was as cheap as Rs. 50 in the beginning. Shops were then allocated for Rs. 6,516 apiece in 1956 as part of a resettlement ministry scheme.
The average monthly rent for a business space in Khan Market is currently above Rs. 6 lakh, with prices ranging from Rs. 1,800 to Rs. 2,200 per square foot. The government controls hundreds of stores in the market, and they charge rent of more than Rs. 6 lakh every month. The municipal corporation is in charge of managing some stores. home minister rajnath singh once suggested changing the market's name, but local store owners objected, therefore the original name was kept.
One of Delhi's most popular tourist locations, Khan Market is a representation of the city's history, culture, and wealth.
The market became well-known five years ago when prime minister Narendra Modi used the phrase "Khan Market gang," which piqued people's interest. But Khan Market's uniqueness extends beyond its moniker. It draws tourists from all over the world since it is a well-liked location for dining and shopping.
The Origin
To house those who had fled pakistan following the partition, Khan Market was founded in 1951. Ground-level stores and upper-story apartments were part of the design. The market has the name of Abdul Jabbar Khan, brother of Abdul Ghaffar Khan and a liberation warrior. By facilitating the safe migration of Hindus from pakistan to india during the partition, Abdul Jabbar Khan played a pivotal role.
There were just three homes on the market at first, but as time went on, the homes were replaced with eateries and retail establishments. Khan Market is now a thriving center with thousands of businesses.
Who manages the shops?
The majority of Khan Market's stores are leased. The monthly rent for these stores was as cheap as Rs. 50 in the beginning. Shops were then allocated for Rs. 6,516 apiece in 1956 as part of a resettlement ministry scheme.
The average monthly rent for a business space in Khan Market is currently above Rs. 6 lakh, with prices ranging from Rs. 1,800 to Rs. 2,200 per square foot. The government controls hundreds of stores in the market, and they charge rent of more than Rs. 6 lakh every month. The municipal corporation is in charge of managing some stores. home minister rajnath singh once suggested changing the market's name, but local store owners objected, therefore the original name was kept.
One of Delhi's most popular tourist locations, Khan Market is a representation of the city's history, culture, and wealth.
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