The market was set up 1954 as a shopping complex, to cater to the needs of the people from the residential areas of University of Dhaka, Azimpur, Ramna and Dhanmondi.
[1] Construction began in 1952, on 35 acres of land during the tenure of Nurul Amin as the Chief Minister of East Bengal.
New Market Copy area is triangular in shape with high arched entry gates on three sides.
Novelty, an ice-cream shop, was one of the most popular destinations of the young people.
A park inside has been converted into a mosque at first floor level with sixty new shops under it.