Chandni Chowk Market Hit By Rs 300–400 Crore Loss Since Delhi Blast, Says BJP MP

Last Updated:November 12, 2025, 17:24 IST

BJP MP from Chandni Chowk, Praveen Khandelwal, has said that business in the area has taken a temporary but significant hit

Commuters stuck in a maasive traffic jam at Chandni Chowk Market in New Delhi. (PTI file photo)

The Chandni Chowk market in the national capital has reportedly suffered losses of around Rs 300–400 crore following the suspected suicide blast near the historic Red Fort.

With an average daily footfall of nearly four lakh people, Chandni Chowk — the nation’s largest wholesale market — generates business worth an estimated Rs 450–500 crore every day. However, traders say footfall has fallen sharply since the blast, which killed 12 people and injured several others.

Speaking to NDTV on Wednesday, BJP MP from Chandni Chowk, Praveen Khandelwal, noted that business in the area has taken a temporary but significant hit.

“Trade here has suffered losses of around Rs 300–400 crore… But as soon as normalcy returns and traffic resumes, customers will return. The spirits of our Chandni Chowk traders are high. The entire Chandni Chowk market is open, except for two markets, which have been closed by the administration due to inspections," Khandelwal said.

The MP added that retail footfall has dropped as police have imposed restrictions on entry to Chandni Chowk from the Red Fort side. The market was also completely closed on Tuesday following the explosion.

“No means of transportation are open. The metro station is closed, buses are not running, and private vehicles cannot enter. Because of this, such customers are not coming to the market," he said.

However, Khandelwal noted that wholesale trade has not been severely affected. “Those who buy in bulk and have long-standing business relationships are continuing their transactions over phone or online," he explained.

Despite the current setback, the MP expressed confidence that the market will recover soon. “It’s wedding season, and many people have placed their orders. Consumers will definitely return to the market. This is only a temporary impact," he said.

The suspected suicide blast occurred on Monday evening near the Red Fort traffic signal, just a few metres from Chandni Chowk. A high-intensity explosive device planted in a slow-moving vehicle went off, killing 12 people. The National Investigation Agency (NIA) is leading the probe, while Delhi Police and other state units continue to trace the module behind the attack.

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