Developed by Awas Vikas in 1979, it was one of the biggest planned neighborhoods in India.
Kareli is the second largest colony of India in terms of Area and is one of the most expensive residential localities of Prayagraj.
It is also known as Officer's colony by the localas as the large number of people who served as government servants like IAS, IPS, PCS, etc inhabited the place.
The neighborhood was predominantly occupied by the members of the mercantile middle class of Meerapur and Attarsuiya, and white collar workers from several public sector undertakings and private companies established in the new industrial region of Naini.
The majority of the people are members of the salaried class rather than business owners.