Local legend has it that, at that time, an elite man by the name of Romhorse Karki began to organize a weekly market day, or hatiya, in the village.

This followed a similar trend that was already in practice on Saturday in Sanischare, on Sunday in Aaitabare, on Friday and Monday in Dhulabari, and on Thursday in Phikkal.

Out of fears that a concurrent market day would be detrimental and challenging to business, they decided go with either Tuesday or Wednesday.

As Tuesday is generally considered a kharobar, or brute day, in Nepali culture, Wednesday became the pick.

[4] The dominant tree species found in the area include Shorea robusta (locally known as sal), Acacia catechu (khayar), Dalbergia sissoo (sisau), and Neolamarckia cadamba (kadam).

[3] Since the village lies in the flanks of Terai just below the hills, the climate of Budhabare is temperately warm.

Under the Köppen–Geiger classification, Budhabare has a humid subtropical climate (Cwa)[6] with wet and hot summers and mild and dry winters.

[6] Topographically, Budhabare area lies in the upper Terai region of the Indo-Gangetic plains, almost on the foot of the Siwalik hills.

Biring Khola runs from north to south along the western border, serving as a natural demarcation between Budhabare and Khudnabari.

In addition, minority groups residing in the village include Tharu, Muslims, Majhi, Bengali, etc.

The land is very fertile and the rate of production is good, making this place an "agricultural hotspot" of Jhapa district.

[3] Moreover, a significant fraction of village's active population works abroad, especially in the Gulf countries, and foreign remittances contribute a great deal to the local economy.

Some of the eminent holy places located across the several wards of the village include: Financial Institution: NICASIA Bank Limited