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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News Network
April 3,2020

Bengaluru, April 3: Thirteen people in Karnataka, who had attended the Tablighi Jamaat event in Delhi, have tested positive for coronavirus, said state education minister S Suresh Kumar.

"13 attendees of Delhi's Tablighi Jamaat event have tested COVID-19 positive and 187 were tested negative," said Kumar, who has been entrusted to look into queries related to COVID-19.

He added, "A total number of four COVID-19 positive cases have been confirmed today -- a 75-year-old man in Bagalkote, a 70-year-old in Belagavi, a 26-year-old in Belagavi and a 20-year-old in Belagavi."

"The three people from Belagavi had attended the Tablighi Jamaat event in Delhi," he said, adding that the total number of cases in the state increased to 128.

The reports of 88 other people who had attended the Tablighi Jamaat event are yet to be received, the minister said.

The total number of COVID-19 positive cases in India on Friday rose to 2,547 including 162 cured/discharged and 62 deaths, according to the Ministry of Health and Family Welfare.

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News Network
March 5,2020

Mar 5: The Karnataka government on Thursday proposed to increase rate of tax on petrol and diesel by three per cent which would make the fuel dearer by Rs 1.60 and Rs 1.59 per litre, respectively.

Presenting the 2020-21 budget in the Legislative Assembly, Chief Minister B S Yediyurappa proposed to increase rate of tax on petrol from 32 per cent to 35 per cent and diesel from 21 per cent to 24 per cent, as part of additional resource mobilisation measures.

Yediyurappa, who also holds the finance portfolio, increased excise duty on Indian Made Liquor (KML) across 18 slabs by six per cent.

However, to promote affordable housing, the government proposed to reduce stamp duty on first time registration of new apartments/flats costing less than Rs 20 lakh from existing five per cent to two per cent.

This is the first budget of the BJP government after coming to power last year; it's the seventh presented by Yediyurappa.

"For the year 2020-21, a total amount of Rs 55,732 crore is provided for stimulating economic growth sector", the Chief Minister said.

He said the revenue collection target for the Commercial Taxes department for the year 2020-21 is fixed at Rs 82,443 crore.

Stating the government had fixed a revenue target of Rs 20,950 crore for the excise department for the year 2019- 20, he said at the end of February Rs 19,701 crore had been collected.

"We hope to achieve the budget target."

He also hoped with the increase in rates and effective enforcement and regulatory measures, the Excise department would be achieving the target of Rs 22,700 crore fixed for the financial year 2020-21.

On the transport sector, Yediyurappa said it is proposed to levy motor vehicle tax on contract carriages having seating capacity to carry more than 12 passengers, but not more than 20 passengers at the rate of Rs 900 per seat per quarter.

He said it is also proposed to levy vehicle tax on new model sleeper coaches which are granted permits under section 88 (9) of MV Act 1988 at the rate of Rs 4,000 per sleeper per quarter.

Noting that a target of Rs 7,100 crore revenue collection is expected to be achieved in 2019-20 in transport sector, he said for 2020-21 revenue collection target has been fixed at Rs 7,115 crore.

He said the revenue collection target for 2019-20 under stamps and registration was fixed at Rs 11,828 crore and against this Rs 10,248 crore has been collected till the end of February 2020 which is 87 per cent of full year target.

While the revenue collection target for 2020-21 under stamps and registration is fixed at Rs 12,655 crore.

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News Network
April 9,2020

Bengaluru, Apr 9:  Ministers and members of Legislature in Karnataka will take a 30 per cent cut each in their salaries and allowances to fund the fight against coronavirus in the state, for a year.

An ordinance to reduce the salaries of ministers and legislators by 30 per cent for one year to meet the exigencies arising out of COVID-19 pandemic was approved by the state cabinet headed by chief minister B S Yediyurappa on Thursday.

"... we have cut by 30 per cent salaries and allowances of all ministers, MLAs, MLCs, also speaker, deputy speaker, chief whip every one for one year from April 1, amounting to Rs 15.36 crore," Law and Parliamentary Affairs minister J C Madhuswamy said.

Speaking to reporters after the cabinet meeting, he said, "we have the consent from all the political parties for this, so we have passed the ordinance today."

The Union Cabinet on Monday had approved a 30 per cent cut in salaries of all Members of Parliament and a two-year suspension of the MP Local Area Development (MPLAD) scheme.

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