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
May 9,2020

Mangaluru, Ma 9: Three more persons from Bantwal taluk in Dakshina Kannada district tested positive for Covid-19 today. All three are members of a family.

The infection is reportedly linked to First Neuro Hospital of Mangaluru, which has emerged as a coronavirus hub in coastal Karnataka.

With this, the total number of coronavirus cases in the district mounted to 31 including six outsiders. Three of them have lost their lives. Currently there are 15 active cases in the district.

The newly identified coronavirus patients are a 30-year-old man and two elderly women aged 60 and 70 years.

They have contracted the infection from a 69-year-old man from Bantwal who was confirmed with COVID-19 infection on May 1. All the three members now infected belong to his family.

The man had got the infection from a woman identified as P-390. He happens to be a relative and neighbour of the deceased woman who belonged to Bantwal Kasaba village. Eight  members of his family were quarantined, of whom three tested positive today.

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News Network
June 18,2020

Bengaluru, Jun 18: Real estate continues to be a preferred asset class for investors amid the uncertainty emerging out of the pandemic, according to a report by National Real Estate Development Council (NAREDCO) and Housing.com.

Titled 'Concerned yet positive - The Indian Real Estate Consumer (April-May 2020)', the report showed that the real estate consumer remains positive with regard to the economic scenario and income stability for the coming six months.

"Real estate (35 per cent) is still perceived as the preferred mode of investment, followed by gold (28 per cent), fixed deposits (22 per cent), stocks (16 per cent) and homebuyers are likely to slowly return to the market in the coming six months," it said.

Price-points of residential realty have remained muted for the past few years, but are still a key deterrent, with the perception of being still unaffordable, according to nearly half of the potential homebuyers surveyed, who are currently staying in rented accommodation.

A majority of respondents surveyed (73%) comprise 'first time homebuyers', who are looking to buy a 'ready-to-move-in-house' for end-use and are from the age group of 25-45 years. While 60% of respondents opined that for the next six months, they would prefer a ready-to-move-in property, 21% said they were okay with a property with a delivery timeline of maximum one year.

The survey was conducted in April and May 2020, through a random sampling technique for a fair representation across regions. The insights presented in the survey represent the view of more than 3,000 potential homebuyers.

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News Network
April 16,2020

Bengaluru, Apr 16: In order to bring uniform act for all universities in the state under the Karnataka University Act 2017, the state government formed a committee in this connection.

As per the instruction of deputy chief minister Dr C N Ashwath Narayan, higher education department has issued an order to form a committee under the chairmanship of R Vasudeva Athre.

The other members are former Bengaluru university Vice-Chancellor Prof B Thimmegoda, IIT Bengaluru director Prof Sadagopan, Srusti institute of arts and design technology Geetha Narayan Srusti, centre of educational and social studies president Dr M K Sridhat and state higher education parishad Executive Director Dr M S Kori, co-member of the committee.

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