After the advent of the British as the tawaif culture faded out, subsequently, prostitutes came to occupy the upper floors of the market.
The street got this name mainly because here a 'sabha' or meeting would take place in front of a Maratha noble's house and he would try settling the disputes before it would reach the emperor.
A second reason is probably that a gathering used to get organized when a respected dancer performed and showed the finer nuances of her skill.
Today, Chawri Bazaar is a very busy road as labourers with their laden backs, cars, rickshaws, scooters and walkers almost battle for the passage during the peak market hours.
Again it is also a wholesale market but you will be allowed to purchase a brass or copper idol of Lord Vishnu, Buddha and others.