The banlieues are the suburbs (of Paris). The word has become terminology which is used in international media. It's valid English: http://en.wikipedia.org/wiki/Banlieue
In fact, we «banlieusards» from Paris have a tendency to consider ourselves as «THE» banlieue. The most emblematic one.
But most big cities have one of their own. Marseilles, Lyon and Lille have theirs.