The fire which was reported at 1:00 a.m, on November 9, 2016, to the fire brigade. 14 fire engines arrived on scene and the situation was eventually controlled.
The market is known for its winter wear and is set up for a period of 3-4 months, and this trade has been going on for quite a few years. The fire has destroyed goods worth lakhs of rupees and left the shopkeepers with huge losses.
The head of the Tibetan Colony in a video clip spoke about the damage as saying, "140 families from all over India come here to set up their shops and earn for a period of 3-4 months. The fire has driven us to huge losses and the money we used to set up these shops were taken on loan."
"We appeal to the Delhi Government and CM Arvind Kejriwal to assist us during these times and help us set up the shops again before winter approaches," he added.
The causes of the fire and casualties are still unknown.