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
February 13,2020

Bengaluru, Feb 13: Veteran freedom fighter and advisor to the Karnataka Government in Education Reforms HS Doreswamy on Thursday has recommended Chief Minister BS Yediyurappa to make it mandatory for MLA and MLCs to adopt at least three govt Schools in their respective constituencies.

Mr Doreswamy appealed to the Chief Minister to implement the suggestion in the State budget for 2020-21 to be presented by him on March 5.

Addressing a press conference here, Mr Doreswamy, on the higher education sector, stressed the need to appoint highly qualified candidates for Vice Chancellor posts. There is no dearth of talent and eligibility in the State and authorities concerned must ensure that the right person is appointed by taking extreme care".

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News Network
January 15,2020

Bengaluru, Jan 15: The Indian startups secured 12.7 billion in funding last year -- a 15% growth compared to 2018 - and Bengaluru startup community topped the list, with securing $5.3 billion across 267 deals, a new report said on Tuesday.

In total, the Indian startups attracted 766 deals in 2019, taking total deal count between 2014-2019 to 5,011, said DataLabs by Inc42 in its annual startup funding report.

Sequoia took the top spot as the most active VC in 2019 with 53 deals, followed by Accel that participated in 38 deals. Blume Ventures, Matrix Partners and Tiger Global were in the top five VCs in 2019.

"The Indian startup economy is entering new decade with over $58 billion in fundraising and 2,984 funded startups between 2014-2019," the findings showed.

With an average of $21 million, the ticket size value of funding increased by 15% in 2019.

Ecommerce and fintech -- with $2.6 billion funding each -- took the top slot with 93 deals and 125 deals, respectively.

"Ecommerce continued to remain at the top by the end of 2019. The growing investor confidence towards sub-sectors such as vertical ecommerce, social commerce and private label businesses is one major factor for ecommerce maintaining its lead," a DataLabs spokesperson said in a statement.

According to the estimates, the funding amount and deal count in 2020 will be around $12.6 billion at a 1% decline from 2019.

"Nevertheless, the investment activity is expected to rise in 2021," said the report.

The data suggests that 2019 had lowest number of startups funded (664) in the last five years, with seed-stage funding deals dropping by 53%, compared to 2016.

With $252 million in funding, seed-stage deal value fell by 44% (compared to 2018) as only 306 seed funding deals were recorded, the report said.

The enterprise tech had a blockbuster year with total funding of $1.15 billion across 114 deals in 2019. The sector recorded a 49% surge in total funding amount, compared to 2018.

The Indian startup economy saw 275 unique VCs participating in funding in 2019, said the report.

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News Network
April 3,2020

Bengaluru, April 3: Karnataka Chief Minister BS Yediyurappa on Friday held a meeting with Muslim leaders and legislators, seeking their cooperation in containing COVID-19.

In a press statement, the Chief Minister BS Yediyurappa said that the Muslim leaders have agreed to give details of persons who visited Tablighi Markaz in Nijamuddin and has also assured that they will convince the attendees to undergo tests for coronavirus and also follow quarantine rules.

CM Yediyurappa also informed media that the Muslim leaders are also advising the members of their community to offer prayers at home and also to stay indoors to maintain social distancing during "azan".

Also, an appeal has been made to the Muslim community to cooperate with the health workers during the treatment.

The Karnataka Chief Minister also appealed the masses not to pay heed to any sort of rumours pertaning to COVID-19. "Let all of us strictly follow precautionary measures and win the battle over caronavirus."

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