

Novelty Street
by Novelty Street Developer
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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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
Land Details
- Total Area
- 0.2861 Acres
Unit Details
- Total Units
- 65
Unit Types
| Type | Size | Count |
|---|---|---|
| Shop | 399.149 (in sqr mtrs) | 31 |
| Shop | 330.758 (in sqr mtrs) | 17 |
| Shop | 330.758 (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
| Type | Area | Count |
|---|---|---|
| Shop | - | 31 |
| Shop | - | 17 |
| Shop | - | 17 |
Parking Provisions
Amenities
Quality Assessment
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
Project Drawings & Plans
Click to view or download the drawing plans
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