Transit One: Heralding the concept of theme-based malls in Mangaluru

[email protected] (Business Desk)
February 19, 2016

Mangaluru: Whether we like it or not malls have become more of a norm than an exception in India. The only visible change is that from big multilevel malls the focus is slowly shifting towards smaller and theme based malls, which no doubt is a welcome development.

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Mangaluru is also fast catching up with this trend thanks to the initiative taken by Ecologic Habitats LLP, a well-known real estate firm comprising of a team having over 30 years of experience in the field. This real estate leader, in association with Caizer group, is all set to introduce a theme based transit mall aptly named "Transit One." 'Stop, recharge, restart', is the basic concept theme of the mall coming up on NH66, opposite Unity Hall, just a stone's throw from the busy and upcoming Thokkottu junction. Being a transit mall its aim is to target both the local populace as well as the travellers passing through this busy highway.

Come November and the foundation for this smaller version of the mall, the first of its kind in Mangaluru, will be laid and the ground plus four storey mall will be ready in the next 2 ½ years. Slated to come up in a 40 cent land adjacent to NH-66, Transit One will be an affordable and egalitarian mall catering to the local demographic unlike the existing huge malls that cater only to a section of the society. Nevertheless, the promoters say "This is basically a stop-over mall where we want travellers to stop, recharge and restart. Size-wise it is not a huge mall but it will have everything that malls have. We will set new benchmarks with many firsts to the credit of this mall. We want to give shops to every category of people - those who come with an investment of Rs 10 lakhs to 10 crores. We believe that the design, location, structure, elevation and the novel concept of the project will make Transit One the most attractive destination of Mangaluru with unlimited opportunities to unwind and skylark.

Potential for Growth

The setting of this upcoming mall on Thokkottu Junction, which forms the gateway to Mangaluru City, is the USP of this project apart from its inimitable structure. It is designed to proclaim its enigmatic presence with an irresistible allure. The promoters have done a neat homework before venturing into this project. Needless to say, the project is the outcome of painstaking research of almost 1 ½ years which convinced the promoters that it is the best location and concept and they decided to take a plunge. One of the partners of the project says "We have conducted a detailed survey and found that this area forms the nerve centre of the city from its gateway Thokkottu, that connects the city to Deralakatte, the IT and education hub of Mangaluru. This hub houses about 7000 medical students, 1000 doctors, about 3000 IT honchos and more than 5000 NRI households. Sadly, the surrounding area does not boast of infrastructure, development and other entertainment facilities to cater to this vast segment of young, enthusiastic, passionate and cosmopolitan crowd. Our research has clearly shown that this area has enormous potential for growth. The fact that 40% of the shops are already sold clearly demonstrates that people have realised the strategic importance of this location."

Being a premium education and health care centre Mangaluru city has vast potential for growth to emerge as an important business, industrial and IT hub. It has been recognised as one among the 36 Tier II cities in India to emerge as magnets for investment in infrastructure. Smart city naturally means better infrastructure, amenities and enhanced lifestyle. Though mall culture per se is not a novelty in India the compact nature of this themed mall will be an added attraction as it has many others firsts to its credit.

Many Firsts

"Transit One" will be the first mall in the region to offer an exclusive floor for smaller vanilla store units.. The promoters point out "The sky-high cost of space in malls is a major concern for many and therefore we want to address this concern of people through this mall." It will be the first mall with External LCD display, the mall boasts of the primacy given to landscape design and it is the first mall built by making a comprehensive study of the requirements of the customers. They have roped in the services of India's leading Landscape Architect Rohit Marol of Terra Firma for its unique landscape. The suburbs are best suited for theme-based malls and having realised the great potential for development of this area the promoters have made valiant efforts to source the best names in varied fields.

Another salient feature of the project is the drive-in super market, a novelty in a mall, which makes shopping convenient and pleasurable, unlike the present set up in most malls which makes it a tedious process. The entire 1st, 2nd and 3rd floor is set aside for branded and semi- branded shops in varied categories of products. Having taken care of the shopping needs of both the travellers and domestic customers the promoters have also given utmost priority to the visitors gastronomic needs. Because in this age where eating out become fashionable, one cannot think of modern malls without food courts. Promoters of malls usually consider fine-dining restaurants as a quintessential factor to their overall tenant mix and they have been proved right. This is largely because these restaurants help give the exclusivity factor to the malls and also due to the fact that food is a major footfall driver towards malls attracting horde of families to savour variegated and choicest of cuisine available here. So much so, today malls are becoming repository of cost effective multi-cuisine food and entertainment destinations.

It is therefore, natural that the promoters of Transit One have given top priority to eating-out to allure customers. This mall will boast of food courts - a 3 star restaurant, a landscaped terrace roof top club and a multi-cuisine restaurant to cater to the cosmopolitan crowd of the surrounding area.

"Transit One" is conceived as a one-stop-shop mall wherein customers don't have to go anywhere else scouting for other shops to buy anything and everything they require. "We want this mall to cater to the needs of all segments of the society. Even if a woman wants to buy a bindi or a ribbon or a student wants to buy a book or pencil they don't have to look for another shop. We believe and endorse the idea of Small world of large Happiness", the promoters point out.

The promoters have sourced the services of the best names in the real estate field, to come out with this theme-based destination mall appealing in its design, eye-catching with its structure, attractive in its overall appearance and spacious and comfortable to stroll around with its theme-designed spaces. The services of leading Mangaluru based Architects 2PKM have been sought for this project. The combined effort of all trusted professionals in the project team is sure to give the true value for money to the investors.

Transit One has everything that is going to make it the most eagerly awaited mall of Mangaluru. True to its name the promoters want the travellers and the local crowd to experience the on-going journey of life via Transit One. With this mall going to become a reality soon, the young, educated and yuppie crowd of the academic hub of Mangaluru and people of Mangaluru can certainly look forward to for a place that is sure to come close to their dream destination.

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Branded and semi-branded shops

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Mini vanilla shops

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Three-star restaurant

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Landscaped food court

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Open terrace restaurant

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Exclusive supermarket

 

To book your space or for more details contact

Ecologic Habitats

Crystal Arc, 3rd Floor, Balmatta Road,

KMC Mercara Trunk Rd,

Hampankatta, Mangaluru, Karnataka 575002

Ph: 91 97410 70000 / 91 93420 71729

91 824 6066 666

Email : [email protected]

Website:http://www.ecologichabitats.com/commercialspace.html

Comments

Embee
 - 
Friday, 19 Feb 2016

Its all one thing to make things look good... mangalore real estate is just slumping... doesnt look like a great investment

Saleem Khan
 - 
Friday, 19 Feb 2016

Small Theatre should be there, Anyways good try all the best for your future endeavors.inshallah

Sameer Mohammed
 - 
Friday, 19 Feb 2016

will this beat Moideen Bava's Forum Fiza Mall ? Looks like this will be greenery Mall of Mangalore.

Farooq
 - 
Friday, 19 Feb 2016

wow wonderful themes based mall, i want to visit once, Tell me when its gone a complete.

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Media Release
March 8,2020

Mangaluru, Mar 8: The Saraswat Co-operative Bank Ltd., celebrated International Women’s Day with a special seminar on Financial Planning for the banks’ women customers. The programme was held on Friday, March 6, 2020 from 4.00 to 6.00 p.m. at Hotel Ocean Pearl Inn, Bejai, Mangalore. Dr. Sukanya Rao, academician and financial planner, was the chief guest and resource person for the seminar. Mr. Srinivas C., Karnataka State Head, Future Generali India Insurance Company Ltd., was the guest of honour.  Mrs. Vimala Anchan, Senior Manager and Branch Head of M. G. Road Branch of Saraswat Bank presided over the function.

In her chief guest’s address, Dr. Sukanya Rao defined empowerment of women as the ability of take one’s own decisions and utilize resources. Quoting global rankings, she said India enjoys a high ranking of being 9th in the world in political empowerment of women, whereas in other sectors we stand abysmally low. In social empowerment of women, India ranks at 120th, in economic empowerment at 124th and health and survival at 135th.

She suggested that the best tool for enhancing these empowerment rankings is education, which will lead to earning potential and result in enhancing social status. “Every year spent in school boosts girl’s wages by 10-20%,” she said “When a girl receives 7+ years of education, marriage gets postponed by four years and she has 2.2 less children.” She advised women to learn to take one’s own decisions. “Learn to take decisions, especially financial decisions, on your own instead of depending on significant others to do the decision making,” she said.

She followed up her talk with an interactive session on personal financial planning. She enlightened the audience on factors influencing our financial decision making and gave different perspectives on prioritizing savings, spending and investment. 

Srinivas C., Karnataka State Head, Future Generali India Insurance Company Ltd., along with Deepak enlightened the women regarding financial safeguards available under Married Women's Property Act (1874).

Established in 1918, Saraswat Bank was the first co-operative bank to provide merchant banking services after it was recognized as a scheduled bank by RBI in 1988. The bank enjoys high proportion of women employees (nearly 75%) and it is a recipient of Best Cooperative Bank Award in 2016.

Fun games were conducted and prizes were distributed to the winners. Bhavanthi Street Branch Head Karthik Shetty welcomed the gathering. Prithvi Pai and Aishwarya rendered the invocation. Naina Shenoy expressed the bank’s Women’s Day greetings. Chilimbi Branch Head Kishore Shetty gave a vote of thanks. Mahesh Nayak compered the programme. Past Branch Head Mamtha Rao was present.

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News Network
March 6,2020

Bengaluru, Mar 6: The Karnataka Congress on Thursday termed the budget for fiscal 2020-21 presented by the B.S. Yediyurappa government as the "weakest ever state budget".

"This is the weakest budget ever that our state has had. There is no clear cut provision in the budget for industrial growth or to generate jobs. No clarity on department wise allocation," tweeted Congress.

Congress leader Dinesh Gundu Rao said he did not expect such a bad budget which has discriminated on agriculture and education sectors.

"The state budget does not mention major irrigation projects like Kaveri valley and Krishna. No farmers loan waiver," noted Rao.

The opposition party has criticised the ruling Bharatiya Janata Party (BJP) that the potential of Karnataka was not realized to generate revenue through this budget.

Assailing the additional tax on petrol and diesel, Congress said the development will lead to price rise and is a huge disappointment.

"People are reeling under high inflation and reduction in income. BJP has rubbed salt into injury by further increasing prices and providing no relief to common man," said the party.

Bhalki MLA and Karnataka Pradesh Congress Committee working president Eshwar Bhimanna Khandre pointed out that the Centre gave the state only Rs 1,869 crore, despite a loss of Rs 35,160 crore in 2019.

Calling stamp duty reduction for housing within Rs 20 lakhs as an insult to people, Congress questioned the Chief Minister and BJP to first show where in Bengaluru does one get housing within Rs 20 lakh.

"This is mockery of people. No mention or allotment to universal housing programme that Congress government had delivered," claimed Congress.

Focusing on Karnataka capital Bengaluru, Congress slammed the BJP saying no proper revenue policy has been mooted.

"Last mile connectivity issue not addressed. Drinking water issue is not mentioned. No mention of peripheral ring road. No mention of Akrama-Sakrama and no thought process has gone in while planning Bengaluru," tweeted the party.

The party said Yediyurappa has admitted that there is a financial crisis in his budget speech.

"He admits Rs 8,883 crore aid has been cut, around Rs 11,000 crore state share from Centre has been cut. No additional allocation for flood relief. What is stopping him and 25 members of Parliament to question the centre," observed Congress.

Former chief minister Siddaramaiah mocked Yediyurappa that though he calls himself a farmer''s son, he delivered an anti-farmer budget.

"No one will benefit from this budget. A complete failure to boost the economy, to realize inclusive development and to improve standard of living," he tweeted.

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coastaldigest.com news network
May 29,2020

Mangaluru, May 29: Several non-resident Kannadigas from various Gulf countries including Kingdom of Saudi Arabia on Thursday, May 28, interacted with Dakshina Kannada MP Nalin Kumar Kateel through a video conference and urged him to allow the Kannadigas stranded in the Middle East to return by facilitating the operation of repatriation flights.

The development comes amidst reports that lack of preparedness on parts of the local authorities in Karnataka compelling the Centre to delay the operation of flights from Middle East to Mangaluru and Bengaluru airports.

“We have never forgotten you. We will take necessary steps for your safe return to the homeland as soon as possible,” assured Mr Kateel after paying heed to the complaints of non-resident Kannadigas.

The video conference was organised by Ravi Shetty, ex president of Kannada Sangha Qatar.

Praveen Kumar Shetty, president, Karnataka NRI Forum of UAE, Sarvottam Shetty of UAE Karnataka Sangha, Avikshit Rai, Ravi Shetty, former president of Qatar Kannada Sangha, Santosh Shetty of Riyadh Karnataka NRI Forum, Zakariya Jokatte, president of Dammam Karnataka NRI Forum, Mohammad Mansoor, president of Bahrain Indian Overseas Congress, NS Shetty Kuwait, Pradeep Shetty of Kannada Sangha Bahrain, Karunakar Rao, Shashidhar Shetty Oman, Rajesh of Kuwait Kannada Sangha, Ramesh Bhandari, M E Muloor and Sunil Kulkarni among others participated in the video conference.

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