Karol Bagh is a well developed residential cum commercial hub in Delhi. During partition many refugees from Pakistan and Bangaldesh came to Delhi resulting in new settlements in and around Delhi. Karol Bagh was one of these. Many of these refugees were traders by profession who set up their businesses in the area and their generations still continue to do the same. Today it is the business hub of Delhi.
All property types are available in the area such as huge bungalows, flats and kothis. These are for sale as well as rent. Property prices in Karol Bagh have always been high. With the coming of the Metro this trend has clearly intensified.
Karol Bagh market is one of the best markets in Delhi where one can find everything from clothes to shoes to jewellery. Even spare parts, mobile and electronic gadgets are available in the well known Gaffar market