Land Trades Aadheesh Avenue' commercial complex inaugurated

[email protected] (CD Network)
November 30, 2014

Mangaluru, Nov 30: Aadheesh Avenue, an ultra-modern commercial complex by Land Trades, the pioneering name in the field of real estate in this region, was inaugurated on Sunday at 12 noon.

Mangaluru South MLA J R Lobo, who formally inaugurated the complex located at MG Road, adjacent to Besant Women's College, said that that the new building contributed to enhance the beauty of the MG Road.

He pointed out that builders like Shrinath Hebbar, the proprietor of Land Trades are immensely contributing towards growth of the city.  The MLA also lauded the Land Trades for maintaining quality in all its projects.

Mayor of Mangaluru City Corporation Mahabala Marla said that within a decade this port city would be one of the fully developed and modern cities of India. Wishing all success for the future endeavours of Land Trades, he said builders are part of development.

Entrepreneur Sadananda Shetty, former mayor Shashidhar Hegde, corporators Ashok Kumar, Naveen D'Souza, Advocate Shankar Bhat, Kallige Taranath Shetty also congratulated the builders on the occasion. Journalist Manohar Prasad compered the programme.

According to Shrinath Hebbar, proprietor of Land Trades, this new business complex has the best of features and amenities and will be an important landmark for the commercial hub of Mangaluru.

A six-storey structure, Aadheesh Avenue has parking facility on two basement floors, commercial space and parking on the ground floor. The three upper floors house offices ideally suited for businesses and as consultation chambers for professionals like advocates, chartered accountants and doctors.

“All the commercial spaces in Aadheesh Avenue are sold out. I very touched by the popularity and trust that people have reposed on Land,” says Shrinath Hebbar.

The commercial complex has all mandatory safety and security systems and the building is equipped with best fire fighting systems. There are two automatic lifts, continuous power and water supply. With spacious parking facilities, Aadheesh Avenue will certainly be a favourite commercial complex of the city, says Hebbar.

Land Trades Legacy: Founded in the year 1992 by Shrinath Hebbar, Land Trades has over the years emerged as a trustworthy real estate and developers firm by offering the best of facilities to its clients. The firm enjoys a well earned reputation for excellence in quality and timely completion of projects - its professional ethos being further authenticated by ISO international quality certification and CRISIL rating.

Other prestigious projects of the firm, like Maurishka Palace near Kadri Kambla and Atlantis at Bendore are nearing completion.  “Solitaire” a modern residential complex with 32 floors and 144 apartments is also coming up on an expansive 2 acre plot at Hat Hill.

Budget Apartment:  As a special gesture to customers, Land Trades which is nearing its silver jubilee year, will be constructing two budget apartment complexes at Mangaladevi and Yemmekere, where quality residential apartments would be available here at affordable rates.

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coastaldigest.com news network
May 23,2020

Mangaluru, May 23: Two more persons tested positive for covid-19 in Dakshina Kannada today taking the district's tally to 65.

One among them is a 30-year-old man who had returned from Maharashtra and was under quarantine. He underwent test at a private lab and was tested positive.

The other one is a 41-year-old woman who is a resident of Shirlalu in Beltangady and had symptoms of influenza-like illness. 

She was urged by residents in the surroundings of her house to go for a test. She was shifted to Wenlock COVID hospital in the morning on Saturday.

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coastaldigest.com news network
July 8,2020

Dubai, Jul 8: The Directorate General of Civil Aviation (DGCA) has revoked landing permits issued to UAE-based private jets flying Indian expats who are willing to fly back to UAE. With this the operation of private jets from India to the UAE has stopped.

The development comes days after DGCA stopped UAE airlines from chartering repatriation flights to India. 

The DGCA’s decision has come as a huge disappointment for desperate expats who are trying every means possible to return to the UAE, and were shelling out up to Dh15,000 per ticket.
 
All charter flights were operating with the appropriate permissions and clearances for the specific mission, route and destination, said the charterers.

DC Aviation Al-Futtaim, the only integrated VIP handling and hangar facility in DWC, said in an official statement: "As a result of the DGCA suspension of flights into India, our Challenger 604 aircraft which was scheduled to land in Dubai today has been affected."

Afi Ahmed, managing director of Smart Travels, said he has received news from official sources that all approvals for operation of private jets have been barred until July 10.

"Even the flights that had been given approvals stand cancelled. Some flights organised on July 9 have also been grounded," said Ahmed, who was also stranded in Kochi, Kerala, till July 4 but returned home in the UAE on-board Global 6,000, the largest business jet, organised by a Dubai-based aviation company.

Ganesh Rayapudi, a UAE-based businessman who has been trying to organise flights from India to UAE, said: "The government has kept on hold all charters. At least 52 passengers were desperately waiting to come back from Hyderabad on these flights and were willing to collectively cough up Dh400,000."

He added: "I agree that it is unfair to those who cannot afford these prices. However, UAE residents have commitments here; they were tired of waiting and willing to go any lengths, including taking the expensive route."

On July 3, India's DGCA announced via an official circular that scheduled international flights will remain suspended till month-end and only those on a case-to-case basis will be allowed to operate. These flights were suspended on March 22 due to the ongoing pandemic.

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News Network
March 8,2020

Bengaluru, Mar 8: The economic slowdown in the country had a cascading effect on Karnataka, as its growth rate for outgoing fiscal 2019-20 is projected to be 6.8 per cent against 7.8 per cent in the last fiscal (2018-19), a senior official said on Saturday.

"The Gross State Domestic Product (GSDP) is estimated to be 1 per cent less at 6.8 per cent for this fiscal from 7.8 per cent in the last fiscal due to slowdown in manufacturing (industry) and services sectors," an official of the state finance department told media.

Though the agriculture sector has revived from 1.6 per dent in the drought-hit last fiscal (2018-19) to register 3.9 per cent this fiscal, growth rates of industries and services will be 4.8 per cent and 7.9 per cent for 2019-20 against 5.6 per cent and 9.8 per cent respectively in 2018-19.

"The GSDP is projected to grow at 6.3 per cent in the ensuing fiscal of 2020-21 due to continued slowdown in the national economy," the official hinted.

According to the state's economic survey for 2019-20, the farm sector grew more than double to 3.9 per cent from 1.6 per cent a year ago due to increase in the production of foodgrains, dairy products and fish catch.

Foodgrain production across the state rose to 136 lakh tonnes from 128 lakh tonnes a year ago, the survey revealed.

"In line with the national Gross Domestic Product (GDP) growth rate decline, Karnataka's GSDP has declined from a high of 13.3 per cent in 2016-17 to a low of 6.8 per cent in 2019-20.

"The GSDP has declined from a double-digit growth of 10.8 per cent in 2017-18 to 7.8 per cent in 2018-19 and 6.8 per cent in 2019-20," the survey pointed out.

The survey has adopted the all-India growth rate for the services sector growth in the state, which reflects the impact of slowdown in the key sector.

At current prices, the southern state's GSDP is expected to be Rs 16,99,115 crore (budget estimates) with a 10 per cent growth rate in the next fiscal (2020-21).

"Real estate, professional services and ownership of dwellings contributed 35.31 per cent to the GSDP in 2019-20, followed by manufacturing with 15.32 per cent, trade and repair services 9.51 per cent and crops 7.44 per cent," said the survey findings.

Per capital income in the state at current prices is estimated to be Rs 2,31,246 in 2019-20, an increase of 8.8 per cent from Rs 2,12,477 in 2018-19.

"The per capita income in the state is 58.4 per cent more than that of all-India rate at Rs 1,35,050 in this fiscal," the survey added.

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