Land Near Imphal’s Barak River Sold for ₹1,300/sq.ft., Purchased for Single-Family Home Construction

A residential land parcel located near the Barak River in Imphal has been sold at a rate of ₹1,300 per sq.ft., highlighting steady demand for scenic and strategically located plots. The buyer, a local resident, reportedly plans to build a single-family home, taking advantage of the area’s rising popularity due to natural surroundings and accessibility.

 Location Highlights:

• The site is situated within close proximity to the Barak River, offering serene views and cooler microclimate conditions.

• Accessibility to main roads and local markets has improved in recent months due to road repair and connectivity initiatives by the local administration.

• The area is attracting attention from mid-income families seeking quieter residential zones outside the congested city core.

 Buyer Profile:

• The buyer is a working professional from Imphal East who plans to construct a ground-plus-one residential unit for long-term occupancy.

• Preference for natural surroundings, water access, and moderate land pricing drove the purchase decision.

 Market Trend:

• The land rates in the Barak River belt have steadily appreciated over the last 2 years, with price points ranging from ₹1,100 to ₹1,500/sq.ft., depending on location, access to utilities, and topography.

• Local brokers cite growing demand from people looking to relocate from densely populated urban pockets to quieter suburbs with infrastructure support.

 Development Outlook:

• As interest grows, local authorities are considering basic civic upgrades such as street lighting, drainage, and piped water supply to meet demand.

• Real estate professionals expect further demand for small-plot sales and custom-built homes, especially from professionals and small families.