The location of this place is known as Indra Chowk, named after Lord Indra, one of the Hindu god associated with lighting, thunder, storm and rain. This market is one of the historical places of Kathmandu. Kathmandu Durbar Square which is a UNESCO enlisted world heritage site is a few minutes walk from this place. The market is usually crowded with people during the weekend. You can mainly see traditional ornaments, bangles, traditional dishes and other shops like cosmetics, clothes and shoes around this place.
This place is mainly inhabited by Newari ethnic cast. They are one of the oldest inhabitants of Kathmandu, the present capital city of Nepal. So, one can see most of the businesses ran by such people around these areas. You can also see the houses being made in traditional style. Most of these houses haven't gone into deformation since they were built from the past days. I like coming here frequently because goods can be bought in wholesale price around here. It is in the same place where different festivals are held like Indra Jatra and many other.