Transit One: Heralding the concept of theme-based malls in Mangaluru

[email protected] (Business Desk)
February 19, 2016

Mangaluru: Whether we like it or not malls have become more of a norm than an exception in India. The only visible change is that from big multilevel malls the focus is slowly shifting towards smaller and theme based malls, which no doubt is a welcome development.

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Mangaluru is also fast catching up with this trend thanks to the initiative taken by Ecologic Habitats LLP, a well-known real estate firm comprising of a team having over 30 years of experience in the field. This real estate leader, in association with Caizer group, is all set to introduce a theme based transit mall aptly named "Transit One." 'Stop, recharge, restart', is the basic concept theme of the mall coming up on NH66, opposite Unity Hall, just a stone's throw from the busy and upcoming Thokkottu junction. Being a transit mall its aim is to target both the local populace as well as the travellers passing through this busy highway.

Come November and the foundation for this smaller version of the mall, the first of its kind in Mangaluru, will be laid and the ground plus four storey mall will be ready in the next 2 ½ years. Slated to come up in a 40 cent land adjacent to NH-66, Transit One will be an affordable and egalitarian mall catering to the local demographic unlike the existing huge malls that cater only to a section of the society. Nevertheless, the promoters say "This is basically a stop-over mall where we want travellers to stop, recharge and restart. Size-wise it is not a huge mall but it will have everything that malls have. We will set new benchmarks with many firsts to the credit of this mall. We want to give shops to every category of people - those who come with an investment of Rs 10 lakhs to 10 crores. We believe that the design, location, structure, elevation and the novel concept of the project will make Transit One the most attractive destination of Mangaluru with unlimited opportunities to unwind and skylark.

Potential for Growth

The setting of this upcoming mall on Thokkottu Junction, which forms the gateway to Mangaluru City, is the USP of this project apart from its inimitable structure. It is designed to proclaim its enigmatic presence with an irresistible allure. The promoters have done a neat homework before venturing into this project. Needless to say, the project is the outcome of painstaking research of almost 1 ½ years which convinced the promoters that it is the best location and concept and they decided to take a plunge. One of the partners of the project says "We have conducted a detailed survey and found that this area forms the nerve centre of the city from its gateway Thokkottu, that connects the city to Deralakatte, the IT and education hub of Mangaluru. This hub houses about 7000 medical students, 1000 doctors, about 3000 IT honchos and more than 5000 NRI households. Sadly, the surrounding area does not boast of infrastructure, development and other entertainment facilities to cater to this vast segment of young, enthusiastic, passionate and cosmopolitan crowd. Our research has clearly shown that this area has enormous potential for growth. The fact that 40% of the shops are already sold clearly demonstrates that people have realised the strategic importance of this location."

Being a premium education and health care centre Mangaluru city has vast potential for growth to emerge as an important business, industrial and IT hub. It has been recognised as one among the 36 Tier II cities in India to emerge as magnets for investment in infrastructure. Smart city naturally means better infrastructure, amenities and enhanced lifestyle. Though mall culture per se is not a novelty in India the compact nature of this themed mall will be an added attraction as it has many others firsts to its credit.

Many Firsts

"Transit One" will be the first mall in the region to offer an exclusive floor for smaller vanilla store units.. The promoters point out "The sky-high cost of space in malls is a major concern for many and therefore we want to address this concern of people through this mall." It will be the first mall with External LCD display, the mall boasts of the primacy given to landscape design and it is the first mall built by making a comprehensive study of the requirements of the customers. They have roped in the services of India's leading Landscape Architect Rohit Marol of Terra Firma for its unique landscape. The suburbs are best suited for theme-based malls and having realised the great potential for development of this area the promoters have made valiant efforts to source the best names in varied fields.

Another salient feature of the project is the drive-in super market, a novelty in a mall, which makes shopping convenient and pleasurable, unlike the present set up in most malls which makes it a tedious process. The entire 1st, 2nd and 3rd floor is set aside for branded and semi- branded shops in varied categories of products. Having taken care of the shopping needs of both the travellers and domestic customers the promoters have also given utmost priority to the visitors gastronomic needs. Because in this age where eating out become fashionable, one cannot think of modern malls without food courts. Promoters of malls usually consider fine-dining restaurants as a quintessential factor to their overall tenant mix and they have been proved right. This is largely because these restaurants help give the exclusivity factor to the malls and also due to the fact that food is a major footfall driver towards malls attracting horde of families to savour variegated and choicest of cuisine available here. So much so, today malls are becoming repository of cost effective multi-cuisine food and entertainment destinations.

It is therefore, natural that the promoters of Transit One have given top priority to eating-out to allure customers. This mall will boast of food courts - a 3 star restaurant, a landscaped terrace roof top club and a multi-cuisine restaurant to cater to the cosmopolitan crowd of the surrounding area.

"Transit One" is conceived as a one-stop-shop mall wherein customers don't have to go anywhere else scouting for other shops to buy anything and everything they require. "We want this mall to cater to the needs of all segments of the society. Even if a woman wants to buy a bindi or a ribbon or a student wants to buy a book or pencil they don't have to look for another shop. We believe and endorse the idea of Small world of large Happiness", the promoters point out.

The promoters have sourced the services of the best names in the real estate field, to come out with this theme-based destination mall appealing in its design, eye-catching with its structure, attractive in its overall appearance and spacious and comfortable to stroll around with its theme-designed spaces. The services of leading Mangaluru based Architects 2PKM have been sought for this project. The combined effort of all trusted professionals in the project team is sure to give the true value for money to the investors.

Transit One has everything that is going to make it the most eagerly awaited mall of Mangaluru. True to its name the promoters want the travellers and the local crowd to experience the on-going journey of life via Transit One. With this mall going to become a reality soon, the young, educated and yuppie crowd of the academic hub of Mangaluru and people of Mangaluru can certainly look forward to for a place that is sure to come close to their dream destination.

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Branded and semi-branded shops

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Mini vanilla shops

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Three-star restaurant

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Landscaped food court

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Open terrace restaurant

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Exclusive supermarket

 

To book your space or for more details contact

Ecologic Habitats

Crystal Arc, 3rd Floor, Balmatta Road,

KMC Mercara Trunk Rd,

Hampankatta, Mangaluru, Karnataka 575002

Ph: 91 97410 70000 / 91 93420 71729

91 824 6066 666

Email : [email protected]

Website:http://www.ecologichabitats.com/commercialspace.html

Comments

Embee
 - 
Friday, 19 Feb 2016

Its all one thing to make things look good... mangalore real estate is just slumping... doesnt look like a great investment

Saleem Khan
 - 
Friday, 19 Feb 2016

Small Theatre should be there, Anyways good try all the best for your future endeavors.inshallah

Sameer Mohammed
 - 
Friday, 19 Feb 2016

will this beat Moideen Bava's Forum Fiza Mall ? Looks like this will be greenery Mall of Mangalore.

Farooq
 - 
Friday, 19 Feb 2016

wow wonderful themes based mall, i want to visit once, Tell me when its gone a complete.

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Agencies
July 25,2020

New Delhi, Jul 25: Nearly a year after Cafe Coffee Day founder V.G. Siddhartha's death, the probe committee appointed by the Board of Coffee Day Enterprises Ltd (CDEL) has given a virtual clean chit to private equity investors and the Income Tax Department who were named in his last letter.
The investigation report noted that Siddhartha may have felt "aversive behavioural stimulus" due to persistent reminders from the PE investors and other lenders.

"However, such reminders and follow-ups by the PE investors and lenders are not something which are beyond normal industry practices and we believe that PE investors were acting as per accepted legal and business norms," said that report.

It further said that the investigators were not provided with any documentary evidence to show any "advertent or inadvertent harassment" from the Income Tax Department.

It however, said that the financial records suggest a serious liquidity crunch which may have arisen due to the attachment of Mindtree shares by the IT Department.

Further, the probe revealed that MACEL, a private firm of Siddhartha, owes Rs 2,693 crore to Coffee Day Enterprises, which the report says, "needs to be addressed".

The Cafe Coffee Day founder's body was fished out of the Netravathi river in Karnataka by a group of fishermen on July 31 last year, a day after he went missing.

His last note raised several questions about the role of investors, and tax officials.

He had written: "Tremendous pressure from other lenders lead to me succumbing to the situation. There was a lot of harassment from the previous DG Income Tax in the form of attaching our shares on two separate occasions to block our Mindtree deal and then taking possession of our Coffee Day shares, although the revised returns have been filed by us. This was very unfair and has led to a serious liquidity crunch."

The massive shock to the industry and the country also led the government to assure that tax officials would not harass businessmen and the situation would improve.

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News Network
March 28,2020

Bengaluru, Mar 27: A software engineer has been arrested for giving a "call" to the people to sneeze in the open and spread coronavirus, police said on Friday.
The person identified as Mujeeb Mohammad had made this call in a Facebook post.
"Let's join hands, go out and sneeze with open mouth in public. Spread the virus," he wrote.

"The person who put this post saying people should go out and sneeze and spread the virus has been detained. His name is Mujeeb. He works in a software company," Bengaluru Joint Commissioner of Police Sandeep Patil said in a statement.

40 migrant labourers working in Mumbai caught while trying to flee to UP in truck, booked
Meanwhile, Infosys tweeted: "We are deeply concerned with an inappropriate post being attributed to an Infosys employee. We strongly reaffirm our commitment to responsible social-sharing.

The company also said, "Our preliminary enquiry, and discussions with our employees suggest that this could be a case of a mistaken identity."
"However, given the seriousness with which we take such matters, we are investigating this further and will also assist with any independent investigation. The company would take appropriate action based on its investigation," it added

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News Network
July 13,2020

Bengaluru, July 13: Chief Minister B S Yediyurappa on Monday made it clear that the government had no plans to extend the lockdown in Bengaluru Urban and Bengaluru Rural districts beyond July 22.  The two districts will enter a lockdown starting 8 pm on July 14. 

“There is no proposal before the government to extend the lockdown in Bengaluru Urban and Rural districts. The chief minister requests citizens not to panic and cooperate with the government without paying heed to rumours,” the Chief Minister’s Office (CMO) said. 

“The lockdown is being imposed to control the rising number of Covid-19 cases in these districts. The CM has instructed officials to make all arrangements in a week’s time and make ready whatever is necessary,” the CMO said. 

The clarification came after Yediyurappa chaired a meeting of the Covid-19 task force meeting. Yediyurappa also held a video conference with officials from all districts to review the Covid-19 situation, rainfall and irrigation measures. 

Two more districts - Dakshina Kannada and Dharwad - have decided to impose a lockdown to control the spread of Covid-19 following Yediyurappa’s video conference. Starting July 15, Dakshina Kannada will be under a lockdown for a week whereas it will be a 9-day lockdown in Dharwad. 

During his video conference, Yediyurappa noted that the number of cases was on the rise in Bengaluru, Dakshina Kannada, Dharwad, Ballari, Udupi and Kalaburagi. 

He further noted that Covid-19 fatalities were going up in Bidar, Dharwad, Gadag and Mysuru. He asked authorities to bring this under control. “Bidar is among five districts nationally when it comes to deaths. This has to be controlled,” Yediyurappa said, seeking a report by experts on this. 

Yediyurappa told authorities to prioritize rapid antigen tests. “One lakh test kits have been procured. Use them wisely in emergency cases,” the CM said. He ordered that those aged above 60 years, those with serious illnesses and showing symptoms of influenza-like illness (ILI) have to be identified and subjected to Covid-19 tests.  

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