Yes, Heera Mandi still exists today. It is located in the Walled City of Lahore, Pakistan. While its reputation as a red-light district has diminished over the years, it remains a historically significant area known for its entertainers, musicians, instrument shops, and traditional architecture.
Heera Mandi has been the subject of much attention recently, with the release of Sanjay Leela Bhansali's web series "Heeramandi," which tells a fictionalized story set in the area. The series sparked discussions about the history and present-day realities of Heera Mandi, highlighting its cultural significance and its complex social history.