New Market, north of Azimpur, Dhaka began its construction in 1952 by C&B Dept. on 35 acres (140,000 m2) of land during the period Mr. Nurul Amin, the Chief Minister of East Pakistan. Market was completed in 1954. This heralded the beginning of a new area of development towards modernizing Dhaka. Eventually, it attracted shopping people from all other areas of the city and places outside Dhaka.
In 50′s and 60′s, it was the most popular place for shopping as well as recreation. Young people, particularly college and university students in groups used to hang around inside the market arena. “Novelty”, an drinks shop, was one of the most popular destinations of the young people. As a matter of fact, it was one of the pioneer ice-cream parlours in the country.
In the 80’s, 3 more New Market blocks were constructed on the north under Dhaka City Corporation e.g. New Super Market for crockeries, Bonolata for kitchen market, Chandrima and ‘Gausia’ market for varieties of items and D- block for groceries, each having over 1000 shops. The nice green park inside has been converted into a mosque at first floor level with 60 new shops under it.There is a beautiful mosque inside the ‘New Market’ area. Many new large and ultra modern malls have sprung up in Dhaka, but the demand of New Market in Dhaka is still unique.