It is a part of the old city of Hyderabad, and is located near Mehdipatnam. Asif Nagar is neighboured by Aghapura, Bazar Ghat, Mehdipatnam, Nampally and so on. The place houses various banks such as Andhra Bank, Canara Bank, Union Bank, Syndicate Bank and State Bank of India etc. It is also replete with grocery stores and cloth stores. Asif Nagar is particularly renowned for wood work and  furniture. The furniture made here is exported across the world.

APSRTC bus station is located approximately a kilometer away at Mehdipatnam and connects the region with various parts of Hyderabad. The nearest MMTS train station is located at Nampally, almost two kilometres away.