Commercial Plot Sold in Thangal Bazar at ₹2,000/sq.ft. for Retail Development

A prominent commercial plot in Thangal Bazar, one of Imphal’s busiest marketplaces, has been sold for ₹2,000 per square foot, signaling renewed interest in retail real estate in the city. The buyer, a local entrepreneur, is expected to develop a multi-brand retail shop on the property, catering to both local residents and tourists.

Located in the heart of Imphal, Thangal Bazar is known for its high footfall, strategic connectivity, and proximity to Paona Bazar and Kangla Fort, making it a prime spot for commercial investments.

Boost for Local Commerce

The sale of the plot is being viewed as a positive indicator for Imphal’s retail sector, which has been recovering steadily post-COVID and amidst regional stability efforts. Real estate agents suggest this could lead to more commercial activity and small-business launches in central Imphal.

An official involved in the transaction commented, “Thangal Bazar continues to attract investors due to its centrality and retail potential. This deal reflects the confidence in the market’s gradual recovery.”

• Location: Core market area with high visibility

• Rate: ₹2,000/sq.ft., considered competitive for prime commercial zones in Imphal

• Purpose: Planned retail outlet for clothing and accessories

• Plot Area: Approximately 2,000 sq.ft.

This transaction sets a benchmark for similar plots in nearby areas and could encourage further real estate momentum in Imphal’s traditional business hubs.