The article is an ethno-historical study of Bandipur. Bandipur bazaar is located in the district of Tanahun in the southeastern corner of Gandaki zone. It is situated south of the Prithvi highway midway between Kathmandu and Pokhara, near the point where the Marsyangdi river takes a sharp turn eastward on its way to join the Trisuli river at Mugling. The article discusses the Newar trade industry in central Nepal, which is changing with new geographical and political conditions. This article concerning a Newar bazaar community proceeds from a consideration of the history of the development of a trade network and cultural center to a description of the general economy and lifestyles resulting from this development. The article concludes with a description of the decline of the center due to change in trade patterns, and current adaptations aimed at revitalization of the community. It includes the historical background with different tales related with Bandipur and discusses the community residing there. It includes 4 sketched maps, 14 illustrations with sketched figures, and 44 leaves of plates. (Rajeev Ranjan Singh 2007-01-19)