Lal Bazar is a locality in the municipal committee of Srinagar in the Indian administered union territory of Jammu and Kashmir. It comes under the Zadibal constituency of the Srinagar Legislative Assembly. Lal Bazar is a well known area in the upper downtown area of Srinagar. The Pincode of Lal Bazar is 190023. Considered amongst the best residential areas in Srinagar the area has many amenities such as major banks and schools along with University of Kashmir, NIT Srinagar, Institute of Technology, University of Kashmir, Zakura Campus, Sher - i - Kashmir Institute of Medical Sciences close by, roughly 2 km from Lal Bazar.

Lal Bazar is about 8 kilometres (5.0 mi)way from the city centre of Srinagar.

Several prestigious and well known private schools of the city are located in this area.