Who is the owner of Palika Bazaar? Where expensive things are available at very cheap prices, who collects the fare?

Palika Bazaar of Delhi, which is also known as American Market. Where you can get an item worth Rs 500 even for Rs 200. Many branded items, which would cost thousands of rupees in the showroom, can be bought here for a few hundred rupees. This is the favorite market of millions of Indians for shopping. This is the reason why whoever comes to Delhi from other parts of the country, definitely wants to visit Chandni Chowk or Palika Market once. Here you can also see foreigners shopping. But have you ever wondered who established Palika Bazaar? Who is its owner? Who collects the rent for the shops here? Let us know about this interesting fact…

Palika Market is located underground between the Inner Circle and Outer Circle of Connaught Place. According to reports, after the imposition of Emergency in 1975, Congress leader Sanjay Gandhi came up with the idea of ​​making it. However, at that time Connaught Place, Janpath, Mohan Singh Place, Shankar Market, Super Bazaar were already there, hence some people were unhappy. But when it opened, people liked it very much. Its work was completed within a year at the end of 1978.

Expensive things at very cheap prices
Goods were brought from outside and started being sold. Expensive things were available to people at very cheap prices. This is the reason that at one time there used to be a queue to go inside here. Even today you will find excellent stock of cotton and silk sarees here. This is the number 1 market in terms of accessories. Whether you want to buy a handbag or do winter shopping, everything is available here and that too within your budget. This is the reason why people of Delhi like to go here.

Its construction on 4.3 acres of land
The work of building it was entrusted to New Delhi Municipal Council (NDMC). Its construction started on 4.3 acres of land by demolishing the 34 year old Theater Communications Building. Then the cost was Rs 2 lakh. At that time it was the only underground shopping market in the country. At that time 306 shops were built in it. A special system was installed to prevent entry.

So know who is the owner…
Even today NDMC operates them. She collects the rent for the shops here. According to the information given on the NDMC website, tenders have already been floated in Palika Bazar and shops have been allotted. Which are renewed at a fixed time. If a shopkeeper fails to get the renewal done, then a tender for the shop is floated. Its tender is issued at the rate of Rs 10 thousand per meter to Rs 1 lakh per square meter. Many times the bid reaches crores of rupees. The special thing is that licenses are not given now. Many people have given the shops here on rent and are earning huge money every month.

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