Currently, there are 217 shops providing employment to many people in the Ring Road Market which was established in 1962.
One year ago, the NBCC started a project to cut down trees in Sarojini Nagar, Ring Road Market as part of a project to construct a multi-storey residential building, which affects a number of residents and shopkeepers in the area. Many of them view the project as a threat to their livelihoods.
Currently, there are 217 shops providing employment to many people in the Ring Road Market which was established in 1962. Some of these shops have achieved fame over the years. The market was built initially around the trees, reflecting an early environment-friendly approach by the creators.
Rohit Arora, the joint secretary of Market Association, Ring Road strongly opposes the felling of trees whose roots that are deeply embedded into the ground such as the peepal tree, which is the largest tree in the market and its roots spread out massively. He claims that the association had already received an intimation notice on March 28, 2018 regarding relocation of the market 500 meters further from its current location.
Ring Road Market has been subjected to partiality as they do not have ownership rights, whereas other market areas do. There has been verbal communication with the authorities regarding the relocation site.
While the local residents have been relocated to different areas such as Moti Bagh and RK Puram and they have received some compensation, the market Association has not been provided any compensation.
"In order to re-establish our market, we will further have to forcefully invest according to our own capacities which will cause a lot of financial troubles"
"Instead of felling trees, it is important to understand that our goodwill will amount to zero with the coming of this project. Also, our rent rates have not been fixed as well," said Pankaj Nagpal, general secretary of the Market Association. Nagpal owns a pharmacy which would be in peril with the shifting of the market because of eventual loss of customers.
Furthermore, the market association claims that their business has already decreased by 50 per cent and may actually go down to nil, putting a major burden on their livelihoods. They have written many letters to the minister of housing and urban affairs asking for a more approachable location to ensure customer frequency, but till now they haven't got any response.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Peepal Tree")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}