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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News Network
March 30,2020

Bengaluru, Mar 30: Coffee Day Enterprises Ltd (CDEL) has received the first tranche of Rs 2,000 crore following disinvestment of Global Village Techparks to repay debts following the death of its founder V G Siddhartha.
In August last year, CDEL executed definitive agreements with entities belonging to Blackstone Group and Salarpuria Sattva Group for investment in GV Techparks, a wholly-owned subsidiary of group company Tanglin Development Ltd (TDL), at an enterprise value of Rs 2,700 crore.
The balance amount is expected to be received after the receipt of few statutory approvals, CDEL said in a statement.
"Out of the money received in first tranche, the company has paid off its debts in full including principal and interest amounting to Rs 1,644 crore to the lenders despite difficult economic conditions," it said.
Post this payment, the consolidated debt of the company and its subsidiaries stands at Rs 3,200 crore as on March 27. This includes debt of Rs 1,400 crore of its subsidiary Sical Logistics Ltd where disinvestment process is in progress.
"The company and subsidiaries have repaid around Rs 4,000 crore to the lenders since the beginning of this financial year," CDEL said.
"With the continuous support of stakeholders of the company, the current management is working to ensure better liquidity and operational efficiency. The company is confident of the future ahead despite various challenges," it added.
The company has been in rough waters after its founder V G Siddhartha took his own life as debt strains began to emerge in his company. Since his death in July last year, CDEL has been trying to divest its assets to pare debts.
On July 30, 2019, CDEL informed stock exchanges about Siddhartha's disappearance. In a letter that was purportedly written by him, the Cafe Coffee Day founder said: "I could not take any more pressure from one of the private equity partners forcing me to buy back shares."

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News Network
May 11,2020

Bengaluru, May 11: Karnataka Chief Minister BS Yediyurappa on Monday inaugurated four buses that have been converted into COVID-19 testing facilities in Bengaluru.

State Deputy Chief Minister C N Ashwath Narayan, Karnataka Revenue Minister R Ashoka and Member of Parliament from Bengaluru South Tejasvi Surya were also present.

"The mobile fever clinic bus initiative was taken by Sanchit Gaurav, Founder and CEO of Housejoy, in association with the Government of Karnataka, the Karnataka State Road Transport Corporation (KSRTC), MP Tejaswi Surya, other partners, to increase the number of COVID tests across Bengaluru and win the fight against the virus," said KSRTC in a statement.

The bus is divided into two zones with beds and a consultation area, maintaining proper hygiene conditions.

The KSRTC said there will be four teams with four mobile bus clinics across Bengaluru - each team comprising of one doctor, three nurses and one lab technician with several volunteers facilitating the process.

The teams will be starting from red zones and will try to screen the maximum number of residents from these zones for symptoms and quarantine those who test positive.

"The testing process will start by providing free glucose, blood pressure test and COVID-19 symptoms consultation for all residents," KSRTC added.

If anyone showcases any COVID-19 symptoms, their swab will be collected immediately for testing by Biognosys Technologies (ICMR certified).

Further, the information will be provided to the government and place the person under quarantine.

"KSRTC has already initiated this mobile fever clinic buses with the association of the District Administration in Mysuru, Mandya, Tumkur, Mangaluru, Bagalkote, Hubli, Belagavi, Bengaluru and Raichur," it said.

According to the KSRTC on April 25, the cost of this clinic construction on a bus is Rs 50,000.

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News Network
May 24,2020

Bengaluru, May 24: Karnataka Tourism Minister CT Ravi said that coronavirus lockdown has severely marred the tourism industry in the state and the government will revive it in a phased manner.

"It would be beneficial if hotels are opened keeping in mind few restrictions. At present, the tourism industry has fallen flat making it very difficult to promote tourism in the state," Ravi said.

"Our department has planned to promote tourism in a phased manner. In the first phase, we would focus on native tourism; then in the second phase, we will promote inter-district travel; in the third phase, we will put weight behind inter-state tourism and in the fourth phase, we would be promoting international travel and tourism," he added.

Karnataka's COVID-19 count surges to 1,958 with 216 new cases of the virus reported in the last 24 hours, said the Health Department in a bulletin on Saturday.

Out of the total number of cases, 1,307 patients are active cases and 608 patients have been discharged. The total number of fatalities due to COVID-19 in the state has risen to 42.

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