Property in Manipur

Manipur famously called as ‘The Jeweled Land’, is known for its forestry hills, tribal dances and serene environment, which attracts lots of tourist every year. One of the seven sisters of the North East, Manipur touches Myanmar at one side and hence, is regarded as a strategically important state in the country. The real estate of Manipur has seen a boost in recent time because of the efforts taken by the state and central government for overall development of the state. Active participation of private construction companies for developing Manipur property has also contributed a lot in strengthening up the infrastructure and basic facilities. There are various projects by private companies aiming at the multi-pronged development of the Manipur properties, and one such project is Thoubal Multipurpose Project that is being developed by Ansals.

A project to develop sericulture in the state has also been initiated with the cooperation of a Japanese agency, which in turn will change the face of Manipur real estate scenario. Besides, there is much scope for the development of commercial property and industrial growth, as the state is quite rich in medicinal plants, woods, forest produce, aquatic resources, orchids and microbial bio-resources. Imphal, the capital city of Manipur has taken a lead in the overall residential real estate and commercial development. So, the major thrust of development in Manipur is on properties in Imphal. Arrival of builders with numerous housing projects and growth of property dealers will see a flying start of quick development in properties in Manipur.