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     The 5th Nizam Afzalud Dawlah gifted land to the grain merchants for trade and commerce. The place was named Afzalgunj. A lot of markets mushroomed around Begum Bazaar like Moazzam Jahi Market, Siddi Amber Bazar, Usmangunj Market, Begum Bazar, Pool Bagh etc.

     Afzal Gunj is one of the old suburbs in the Hyderabad City. It is on the banks of the River Musi. Afzal Gunj is the hub of local transportation due to the presence of Central Bus Station in the region. Later Imbliban Bus Station was constructed. Now the MGBS (Mahatma Gandhi Bus Station) is being run here, which as bagged award as the biggest Bus Station in the Asia. The famous Osmania General Hospital, State Central Library are located here. Andhra Pradesh High Court, and the famous Salarjung Museum is located close to Afzalgunj (other part of Musi River).