New Market (Bengali: নিউ মার্কেট), 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. Mr. Nurul Amin was also active in establishing the first posh Hotel Shahbagh at Shahbagh area (now PG Hospital).

New market area is triangular in shape with 3 high arched entry gates on three sides. There were spaces for 440 shops and a nice triangular lawn at the center. Shops sold variety items, benarasi saris, suiting, ornaments, leather items, books. Photo studios and restaurants were around the park inside.

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, donned in best attire, moved round and round in the evening for hours. Girls came in separate groups. For them, free-mixing with classmates (boys) outside was not permitted by the society. Clashes often occurred between rival groups of boys over influence or protection of groups of girls, many of those boys later became ministers and high bureaucrats.

In 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 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. Many new large and ultra modern malls have sprung up in Dhaka, but the importance of New Market in Dhaka cannot be underestimated