Local Builder in Thoubal Proposes 15-Unit Budget Housing Project, Awaiting Government and Private Funding

A local real estate developer based in Thoubal, Manipur, has submitted a proposal to launch a 15-unit budget housing project aimed at addressing the growing demand for affordable homes in the region. The proposed development is expected to cater primarily to first-time homebuyers, government employees, and economically weaker sections (EWS), with unit prices expected to fall in the ₹18–25 lakh range.

 Project Overview:

• Location: Near the Thoubal market area, ensuring good access to transport, schools, and public facilities.

• Configuration: The project will feature 1 and 2 BHK units, with built-up areas between 500 and 750 sq.ft.

• Target Buyers: Middle-income families, newly married couples, and those displaced by recent regional conflicts.

 Funding Status:

• The builder has applied for partial funding through Manipur's affordable housing subsidy schemes and is also exploring tie-ups with microfinance institutions.

• Delays in approval and fund disbursement have put the project in a tentative phase, though site preparation and pre-approvals from local bodies are in place.

 Infrastructure and Design:

• The housing complex is proposed to include basic amenities like water supply, waste management, and parking facilities.

• Plans also mention solar-powered streetlights and rainwater harvesting, aligning with sustainable development practices encouraged by local authorities.

 Regional Need:

• With land prices in Thoubal remaining relatively moderate (₹1,800–2,500/sq.ft.), demand for budget housing is on the rise.

• Post-pandemic migration back to native districts and conflict-driven displacement have further increased housing needs in semi-urban centers like Thoubal.

 Developer's Statement:

“We’re committed to creating secure, dignified living spaces for families priced out of the larger urban markets. With the right funding support, this project can be delivered within 18 months,” said the developer.