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Novelty Street
Novelty Street Developer

Novelty Street

by Novelty Street Developer

## Novelty Street - Historic Location Reimagined for Modern Retail Novelty Street is an ambitious commercial development located in the iconic Chandni Chowk area of Central Delhi, built on the legend...
RERA RegisteredReal Estate

About Novelty Street

Novelty Street - Historic Location Reimagined for Modern Retail

Novelty Street is an ambitious commercial development located in the iconic Chandni Chowk area of Central Delhi, built on the legendary site of the former Novelty Cinema. This Rs 482.3 Crore project, registered under RERA number DLRERA2022P0015, transforms a beloved entertainment landmark that entertained Delhi residents for nearly seven decades into a contemporary high-street shopping destination. The project is expected to be completed by June 2025.

Prime Location in Historic Delhi

Situated in the heart of Chandni Chowk, one of India's oldest and most famous markets, Novelty Street benefits from exceptional connectivity and footfall. The project is strategically positioned near multiple metro stations - Lal Quila Metro (15 minutes), Jama Masjid Metro (10 minutes), and Chawri Bazaar Metro (15 minutes). Nearby landmarks include Kinari Bazar, Dariba Kalan, Old Delhi, Town Hall, and Nai Sarak, ensuring a constant flow of customers from both local shoppers and tourists.

About the Developer

Galaxy Group, the developer behind Novelty Street, is one of the fastest-growing real estate companies in the Delhi NCR region. With over 5 million square feet of delivered projects and a satisfied customer base of 10,000 clients, Galaxy Group brings substantial experience and credibility to this landmark development. The project represents a joint venture approach that combines Galaxy Group's development expertise with the historic significance of the location.

Comprehensive Amenities

The multi-story commercial complex features lockable shops, luxurious showrooms, and state-of-the-art commercial spaces across its layout. The development includes an exclusive Food & Beverage floor, high-speed elevators for efficient vertical movement, and modern security systems including CCTV surveillance and 24x7 power backup. Additional amenities include dedicated parking facilities, a modern firefighting system, and hygiene-friendly facilities throughout the complex.

Investment Opportunity

Novelty Street presents a unique investment opportunity that combines the nostalgic appeal of a historic location with modern commercial infrastructure. The project's colonial and classic architectural design pays homage to its heritage while meeting contemporary retail standards. For investors and businesses seeking a presence in one of Delhi's most vibrant commercial zones, Novelty Street offers the perfect blend of location advantage, developer reliability, and world-class amenities.

Project Details

Project Name
Novelty Street
Developer/Promoter
Novelty Street Developer
Location
Central Delhi
District
Central Delhi
City
Delhi
State
Delhi
Project Type
Real Estate
Expected Completion
13-Jun-2025
Project Cost
₹482.3 Cr

RERA Registration

RERA Number
DLRERA2022P0015
Registration Date
14-Jun-2022

Always verify project registration on the official RERA portal before making any investment decisions.

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HRERA Detailed Information

Promoter Information

Company Name
ASTEROID SHELTERS HOMES PRIVATE LIMITED
Address
UNIT NO. 105, FIRST FLOOR, VARDHMAN'S SIDHANT- SHOPPING PLAZA, LSC, SAVITA VIHAR , EAST DELHI, DELHI-110092 East Delhi , Delhi - 110092

Key Personnel

Director
Director

Land Details

Total Area
0.2861 Acres

Unit Details

Total Units
65

Unit Types

Project unit type breakdown
TypeSizeCount
Shop399.149 (in sqr mtrs)31
Shop330.758 (in sqr mtrs)17
Shop330.758 (in sqr mtrs)17

Financial Overview

Estimated Cost
₹0.05 Lakhs

Project Timeline

Start Date
14/06/2022
Expected Completion
13/06/2025

Escrow Account

Bank Name
Allahabad Bank
Account Number
****5896
IFSC Code
NotAvailable

Drawing Review & Quality Assessment

Building Overview

Project Type
Commercial
Building Type
Low Rise / Independent Floors
Total Units
65
Total Area (Acres)
0.2861
Total Area (Sq.M)
1,157.81

Unit Breakdown

Unit breakdown by type and area
TypeAreaCount
Shop-31
Shop-17
Shop-17

Parking Provisions

Amenities

SpaParkSecurityCCTVParking

Quality Assessment

5.4/10
Below Average

Observations

  • 2 drawing file(s) available
  • Good RERA data completeness

Review Summary

Auto-generated review based on 2 available drawing(s): Registry Document, Registry Document.

Key Findings

  • 2 drawing file(s) available
  • Good RERA data completeness

Reviewed on: 7/2/2026

Frequently Asked Questions

What is the RERA number for Novelty Street?

The RERA registration number for Novelty Street is DLRERA2022P0015. Buyers can verify project details on the Delhi RERA official website.

What configurations are available at Novelty Street?

Please contact the developer for details on available configurations at Novelty Street.

What is the price range of Novelty Street?

The price range for Novelty Street is Rs 482.3 Cr. Prices may vary based on unit type, floor, and current market conditions. Contact the developer for the latest pricing.

When is the expected possession of Novelty Street?

The expected possession date for Novelty Street is 13-Jun-2025. Please verify the latest timeline with the developer or on the RERA website.

What amenities does Novelty Street offer?

Novelty Street offers amenities including Parking, Power backup, Security, CCTV, Elevator. Contact the developer for a complete list of amenities and facilities.

Who is the developer of Novelty Street?

Novelty Street is developed by Novelty Street Developer. The developer is responsible for the construction and delivery of the project as per RERA norms.

Where is Novelty Street located?

Novelty Street is located at Central Delhi, Delhi, Delhi. The project benefits from connectivity to key areas and infrastructure in the region.

Project Drawings & Documents

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