New Launch - India Real Estate Report 2026.

Rashid Market

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Avg. Rate

₹ 7,556/sq. ft

Locality rating icon

Locality Rating

4.4/10

Rashid Market, situated in the heart of Krishna Nagar, East Delhi, is a well-established local marketplace serving the 110051 pincode with a blend of commercial vibrancy and community living. Known for its bustling lanes and affordable shopping, it caters primarily to daily needs, offering fresh produce, groceries, clothing, and household essentials through a network of small shops and street vendors. The market thrives on foot traffic and local patronage, reflecting the quintessential charm of Delhi’s neighborhood markets. Strategically located near major arterial roads like Vikas Marg and Purna Das Road, Rashid Market enjoys strong connectivity to key parts of East and Central Delhi. While it lacks large-scale real estate developments, the area predominantly features residential colonies and mixed-use buildings, making it a practical choice for middle-income families seeking affordability and convenience. Proximity to educational institutions, healthcare centers, and public transport adds to its appeal. Despite its compact size, Rashid Market functions as a vital node in Krishna Nagar’s urban fabric, supporting local commerce and daily life. The absence of high-rise projects or organized housing complexes keeps the real estate landscape informal, with limited data on average prices or per sq. ft. rates. However, its enduring role as a community-centric market ensures steady demand for nearby rental and resale housing.

Region

Krishna Nagar

City

Delhi

District

New Delhi

State

Delhi

Pincode

110051

Population

85,000

Nearest Airport

Indira Gandhi International Airport (DEL)

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The Good

The market is accessible via major roads and public transportation, making it easy for shoppers to reach. Nearby metro stations further enhance its connectivity.

Krishna Nagar has a number of schools and colleges in and around the area. This makes it a convenient location for families with children.

Rashid Market’s location offers proximity to parks and recreational areas, enhancing the shopping experience.

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The Bad

Rashid Market and the surrounding areas often experience heavy traffic congestion, especially during peak hours. This can lead to delays and frustration when commuting.

Aurum Price Index for Rashid market

1BHK2BHK3BHKAll

Normalized to 100 · Oct 2020 baseline

Timeline

Aurum Price Index is based on 10 parameters:

Property Listing Trends

(12%)

RERA Inventory & Sales Velocity

(13%)

IGR Transaction Data

(15%)

Rental Yield

(10%)

Pollution & Environment

(08%)

Infrastructure & Connectivity

(13%)

Social Infrastructure

(08%)

Crimes & Safety

(08%)

Political Stability

(06%)

Corruption & ease of doing business

(07%)

Rates and Trends

Upper PriceAverage PriceLower Price

Timeline

Average Rate

₹ 7,556/sq. ft

Average Price Range

₹ 3,528 – 15,682

Trend (5Y)

▲ 71.9%

Nearby Neighborhoods

New Govindpura

New Govindpura is a well-established residential locality situated in the Krishna Nagar area of East Delhi, falling under the postal code 110051. Developed as an extension of the original Govindpura settlement, this neighborhood has evolved into a densely populated urban enclave that blends traditional charm with modern living. Over the years, it has seen steady infrastructural upgrades, including improved road networks, water supply, and electricity, enhancing its appeal for middle-income families and working professionals seeking affordability with accessibility. The area is surrounded by key commercial and residential hubs such as Patparganj, Mayur Vihar, and Preet Vihar, contributing to its strategic importance in East Delhi. Residents benefit from proximity to essential amenities including reputed schools, healthcare centers, markets, and religious sites. Daily needs are easily met through nearby shopping complexes like Krishna Nagar Market and Anand Vihar Market, while larger retail and entertainment options are accessible within a short drive. Connectivity is one of New Govindpura’s strongest assets, with seamless access to major roads like Vikas Marg and the Delhi Ring Road, enabling smooth commutes across the city. The Delhi Metro’s nearby stations, including Krishna Nagar on the Blue Line and Mayur Vihar Phase-1 on the Pink Line, provide efficient public transport options. Despite limited new real estate developments, the area maintains steady demand due to its locational advantages and established community infrastructure.

Avg. Rate

₹ 5,722/sq. ft

Locality Rating

4.4/10

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Khureji Khas

Khureji Khas is a densely populated residential and commercial locality situated in the Krishna Nagar area of East Delhi, falling under the postal code 110051. Historically part of the evolving urban sprawl of Delhi, it has transformed from a semi-rural settlement into a bustling urban neighborhood, retaining its close-knit community character. The area is well-integrated into the city’s transport network, with easy access to major roads and public transit, making it a convenient hub for daily commuters. The locality features a mix of independent houses, low-rise apartments, and growing commercial activity along main thoroughfares. Essential amenities such as schools, healthcare centers, grocery markets, and places of worship are within walking distance, supporting a self-sufficient lifestyle for residents. Despite limited large-scale real estate projects, the demand for housing remains steady due to affordability and connectivity. Khureji Khas thrives as a vibrant, economically active neighborhood with small businesses, local shops, and street vendors contributing to its dynamic atmosphere. Parks and open spaces, though limited, provide recreational areas for families. Its proximity to major employment and commercial hubs enhances its appeal, particularly for middle-income groups seeking accessible urban living in East Delhi.

Avg. Rate

₹ 26,704/sq. ft

Locality Rating

4.4/10

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Block 15

Block 15 is a residential sector located within the well-established neighborhood of Geeta Colony in Central Delhi, falling under the postal code 110031. Developed as part of a planned housing layout, this block forms an integral part of a larger grid-style residential colony that was established in the mid-20th century to accommodate Delhi's growing population. The area is primarily composed of independent houses and low-rise residential flats, many of which are owned by government employees, pensioners, and long-term residents. Situated in the eastern part of Central Delhi, Block 15 benefits from its proximity to major arterial roads such as Shahdara Road and the Ring Road, enabling access to key commercial and administrative hubs across the city. While the locality does not host large-scale commercial developments, it features essential local markets, schools, and healthcare facilities within walking distance or a short commute. Public transport options, including DTC bus routes, are readily available along connecting roads. Real estate in Block 15 remains relatively stable, with no new residential projects currently under development, indicating a mature and saturated market. Property transactions are mostly resale-based, with moderate demand from buyers seeking affordable housing in a central location. The area's appeal lies in its established community, accessibility, and functional urban living, though it lacks modern high-rise amenities seen in newer parts of Delhi.

Avg. Rate

₹ 8,955/sq. ft

Locality Rating

4.1/10

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Frequently Asked Questions

The information provided on this page is collated from publicly available resources. PropTech Pulse does not guarantee the accuracy, completeness, or authority of this data and shall not be held liable for any discrepancies. For queries or further assistance, please contact us at pulse@aurumproptech.in

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