Mangaluru's first theme-based mall 'Transit One' set for launch

[email protected] (Business Desk)
March 5, 2016

Mangaluru: Ecologic Habitats is all set to launch Transit One, first of the Transit series of innovative theme-based malls, with the foundation stone laying ceremony on Friday November 20 at 5.30 pm in Thokkkottu.

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This was revealed by P S Mohammed, managing director, Ecologic Habitats at a press meet here on Thursday November 19.

The Mangaluru-based real estate development firm 'Ecologic Habitats' is all set to revolutionize the idea of traveling on the Indian highways with the concept of transit oriented development. Transit- one is strategically located on NH-66, Thokottu, the southern gateway to Mangaluru city.

Addressing the press meet, P S Mohammed said, "The idea is to maximize the shopping access to public and private transport along this busy freeway that connects Kerala to Mangaluru, Goa, Mumbai and so on. Transit One also caters to the Thokottu region, a fast growing suburb with numerous educational institutes and IT firms. The tagline 'Stop. Recharge. Restart' sums up the transit situated on 40 cents of land with 50,000 sq ft area of plush shopping experience. It addresses the need of the hour for towns like Thokottu, which otherwise would have to depend on nearby Mangaluru city to meet their routine shopping and recreational requirements.

"Transit One offers a wide range of products right from affordable mini boutique stores to large drive in supermarkets, restaurants, food courts, social clubs, thus catering to all sections of the society. The external facade also has a large electronic display screen where one can showcase their ideas and brands. Promoters of the project envision Transit One to be a 'Small world of large happiness'," he added.

"The visitors step into the level 1 by strolling across the external landscaped plaza, where they are welcomed by their favourite branded stores. Level 2 is the urban fashionista's delight where a wide range of trendy apparel accessories catch your eye. Level 3 is what the Ecologic says is the modem version of the 'Old Indian Bazaar', where the local entrepreneurial spirit is at full display at the smaller boutique stores. Level 4 offers an extensive variety of culinary options with the perfect ambience," he explained.

"Ecologic Habitats boasts of raking in the services of the best in industry to design and implement the project. Well-landscaped environs is what we believe is at the core of our product portfolio. Services of a leading Bengaluru-based landscape architect has been sought to breathe in green into the entire shopping experience. At Ecologic Habitats it is our commitment to add value to all our buildings by breathing green into them. We aspire to partner with a like-minded set of discernible clientele, so that it can add value to their investments by consistently delivering products that inspire," P S Mohammed said.

Kareem, director and Pradeep Hegde, associate, Ecologic Habitats were present at the press meet.

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Comments

priyanka
 - 
Sunday, 6 Mar 2016

this will be a different mall comparing to others. all the best ecological habitats.

aharkul
 - 
Saturday, 5 Mar 2016

I think this is the first one in Mangaluru. Lucky Mangalureans. I am very far from Mangaluru. In Sha Allah When I come to Mangaluru I will visit there and taste the things in every level.

Madhu
 - 
Saturday, 5 Mar 2016

wow wonderful looking very nice.

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coastaldigest.com news network
July 14,2020

Bengaluru, July 14: Girls outshone boys in the Second Pre-University Board examinations in Karnataka, results of which were announced on Tuesday.

As many as 6.75 lakh students had written the examination of which 4.17 lakh students passed.

Thus, the pass percentage is 61.80 per cent, Primary and Secondary Education Minister S Suresh Kumar said while announcing the results.

He said 68.73 per cent girls cleared the exam against the boys whose pass percentage was 54.77 per cent.

In terms of urban versus rural, 62.60 per cent students passed in the urban area while 58.99 per cent were from rural areas.

The three districts where the students' performance was excellent were Udupi, Dakshina Kannada and Kodagu whereas the districts where students fared badly were Chitradurga, Raichur and Vijayapura, the minister said.

Both Dakshina Kannada and Udupi have recorded 90.71 percent results. Kodagu has bagged second position with 81.53 pass percentage. Vijayapura district has recorded lowest pass percentage (54.22)

Combination wise, the pass percentage of students in science stream is 82.57 per cent, Commerce 72.60 per cent and Arts 47.90 per cent, said the Minister.

He also said of those who passed the examination, 72. 45 per cent were from English medium and 47.56 from Kannada medium.

There are 68,866 distinction scorers, 2,21,866 students who got first division and 77,455 students who passed the exam in second division, the minister added.

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coastaldigest.com news network
August 4,2020

Mangaluru, Aug 4: The Kasaragod district administration has decided to restore the e-pass system for daily commuters between Kasaragod and Mangaluru amid covid-19 crisis. 

As covid-19 cases began to increase in Dakshina Kannada, the Kasargod district administration had unilaterally newly introduced of daily pass system on July 6 for entry and exit from Talapady border. This had inconvenienced hundreds of employees, who visited Mangaluru daily to eke a living. 

The decision to resume the pass system was taken in a video conference of Kerala Revenue Minister Chandrasekharan with officials and elected representatives on August 3.

The minister said the Kasaragod district administration will resume issuing of passes for daily commuters between Kasaragod and Mangaluru. But they should undergo rapid antigen test for every week to renew their passes.

"Similarly, one-time interstate passes will be issued for those who want to take part in marriages, funeral and other functions in both states. Even they should undergo antigen test after returning from the functions,” the minister added.

As per the previous order, daily commuters, especially employees, had to stay in Mangaluru for 28 days before returning to Kasargod. Later, Kerala government relaxed rules on July 23 allowing only bank employees from Kasaragod to travel daily in their private vehicles to their workplace in Dakshina Kannada.

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coastaldigest.com news network
May 27,2020

Abu Dhabi-based NMC Healthcare has reportedly received bids to sell its distribution unit and will soon be selling it to different parties.

The development comes over three months after NMC Healthcare’s founder and then-chairman B R Shetty stepped down amid allegations of massive fraud. 

The company, which recently laid off hundreds of workers, is offloading stake in the subsidiary as it is considered non-core and requires substantially high working capital to run the operations. In addition, this stake sale will help the company pay off some of its debt

"There are parties who have strong interest in the distribution business. NMC will be offloading the unit soon and that also to different parties," a source said.

"The company is in the process of exploring options for NMC Trading, the group's distribution business, which it has determined to be non-core and requiring substantial levels of working capital. The process should not materially adversely impact distributors' activities, nor NMC Trading's customers," an NMC Healthcare spokeswoman said.

The UK-court has appointed Alvarez & Marsal as administrator to oversee the operations of the debt-ridden hospital operator. The healthcare firm has been caught in a whirlpool of $6.6 billion debt while its senior former high management team is under investigation for financial irregularities.

The UAE Central Bank has direct local banks to freeze all bank accounts of NMC founder BR Shetty and his family members as well as accounts of those companies where he has a stake. The Central Bank move is subsequent to a criminal complaint filed by Abu Dhabi Commercial Bank, which has the largest exposure to NMC Healthcare, amounting Dh3 billion.

As the company faces financial difficulties, Reuters reported that NMC Health delayed May staff salaries and now expects to complete making payments by the first week of June.

The spokeswoman said: "The company has been in regular dialogue with its creditor constituencies through various creditor committees, including the direct bank lenders to its NMC Trading businesses."

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