Avg. Rate
₹ 29,600/sq. ft
Locality Rating
4.1/10
Sheesh Mahal is a historic locality nestled within the bustling Chandni Chowk area of Central Delhi, bearing the postal code 110002. Though not a standalone residential zone, it lies in the heart of Old Delhi’s dense urban fabric, surrounded by centuries-old markets, Mughal-era monuments, and vibrant cultural landmarks. The area derives its name from the famed 'Palace of Mirrors,' reflecting its royal Mughal past, though no grand palace remains today—instead, the name persists as a local identifier within the labyrinthine lanes of Turkman Gate and Shah Ganj. This locality is deeply embedded in Delhi’s commercial and historical spine, with proximity to iconic sites like Jama Masjid, Lal Qila (Red Fort), and Kinari Bazar, making it a hub for both traders and tourists. While residential real estate is limited and largely consists of aging residential quarters and mixed-use havelis, the area thrives on commercial activity, especially in textiles, religious artifacts, and street food. There are currently no new residential projects reported in Sheesh Mahal, and property data such as average price per sqft or 2BHK rates remains unavailable due to the informal nature of the housing market. Connectivity is excellent, with major transit points like Chawri Bazar Metro Station and Old Delhi Railway Station within close reach. Despite infrastructural constraints, the area remains densely populated and socially vibrant, serving as a living testament to Delhi’s layered history. Sheesh Mahal, while not a modern residential destination, holds significance for heritage enthusiasts, investors eyeing commercial real estate, and those seeking a deep-rooted connection to Old Delhi’s cultural pulse.
Region
Chandni Chowk
City
Delhi
District
New Delhi
State
Delhi
Pincode
110002
Population
15,00,000
Nearest Airport
Indira Gandhi International Airport (DEL)
Excellent connectivity via metro and rail
Rich cultural and historical significance
Prime location for commercial activity
Lack of modern residential infrastructure
High population density and congestion
Normalized to 100 · Oct 2020 baseline
Timeline
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%)
Timeline
Average Rate
₹ 29,600/sq. ft
Average Price Range
₹ 14,955 – 58,040
Trend (5Y)
▲ 64.4%
Rates and Trends
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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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