Transit One: Heralding highway mall culture in Mangaluru

[email protected] (Business Desk )
October 20, 2016

Mangaluru, Oct 19: Consumerism has fuelled India's economic growth to a great extent in the last few decades and malls have played a key role heralding this consumer culture. With this India's mall space has hit new dimensions to suit the changing needs. Malls that come in different names like shopping malls, destination malls, pedestrian malls, transit malls, high ways malls, theme based malls etc., are trying to connect to the community in a meaningful way going beyond the narrow confines of shopping.

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Mangalore is not far behind when it comes to keeping abreast of globaltrends in any field.This has been true with regard to the transformation we have been witnessing in thisomnipresent mall culture which has pervaded the entire country. These days there is lot of hype about highway malls the world over and in Mangalore too the highway mall is becoming a reality soon. Credit goes to Ecologic Habitat LLP, an established and reputed name in the realty sector, for being the pioneer in spearheading the highway mall culture in Mangalore. With an experience spanning over three decades in the real estate field Ecologic Habitat, a relatively new entrant in the field of real estate in Mangalore, has seized the initiative and has come up with theme -based series of highwaymalls.

The first highway mall in this series is titled “Transit One” coming up near thebusy highway junction in Thokkottu on NH 66 and this mall is sure to make NH 66 an iconic highway on the lines of US 66. The foundation stone for this mall was laid in 2015 work is going on in full swing and the project will be ready for occupation by July 2018. Ecologic Habitat is planning a series of highway malls in the entire coastal belt of Karnataka and beyond. Transit One is the first in the series of transit malls which are planned along the highways in Surathkal, Udupi, B C Road and many such places.

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Highway retailing - the growing network

Highway malls is the new buzzword in the country evolved after careful research and considerable thought process. These are basically smaller malls and cater to highway travellers. P S Mohammed, Managing Director, Ecologic Habitatsays that highway mall culture is here to stay and it has given a new dimension to highway retailing and tothe mall culture. “Not long ago it was a common sight to see local restaurants and dhabas on Indian highways that served hot and piping local and popular cuisine to the travellers. Today these restaurants and dhabas have made way for highway malls which are slowly emerging as the new retail outlets providing all facilities and services under one roof”, Mohammed asserts. Being a transit mall the promoters want to target both the local populace as well as the travellers passing through these busy and bustling highways.

Unlike earlier when highways were known for their desolate look these days highways buzz with lot of activity 24X7. Entertainment, fun, frolic, shopping, eating out, gaming etc., has replaced boredom and the otherwiseunexciting travel routine. Highway malls have given an entirely new meaning to the concept of highway retailing. Many realtors like Ecologic Habitat, the promoters of Transit series of highway malls, have been sharp and quick to sense the changing trends and proclivity of travellers for more fun, entertainment, tasty food, leisure, amusement, shopping and anything that makes life easy and carefree. With most national and international brands vying to buy space in the retail format highway malls are going to get fillip and the trend is here to stay.

The retailers have found their perfect destination in Transit Onemall on NH 66 near Thokkottuand this is clearlyevident from the fact that all the 42 boutique stores on offer in the mall are sold out in record time. It is the first mall in the city to come out with the concept of vanilla stores in an exclusive floor for these stores. Moreover, this is the first mall whichcaters to every section of the society and to their every need thus providing complete shopping experience to the customers.

What sets Transit One apart from the rest is that unlike most malls it offers smaller units and that too at an affordable price. It has come as a huge blessing for people especially many NRI's because a vast majority of them want to come back and invest in something that assures them a good return. Buying a retail outlet isthe best and prudent choice for most of them and Transit One offers retail outlets at affordable rates. “The affordability of these boutique shops has come as a breath of fresh air for many as these boutiques were within their budget limit”, P S Mohammed declares.

P S Mohammed is candid when he says “we want to capture the concept of highway retail marketing in Mangalore because 40% of India's population is always on the highways and that is quite a sizeable number to concentrate our energies on. We want this to be a stopover destination for the travellers”. The promoters have chosen Thokkottu junction on NH 66 keeping in mind the footfalls in the form of an estimated 20,000 NRI crowd from the area. They are also banking on the sizeable chunk of almost 15,000 student crowd from the various medical colleges and universities in Deralakatte, which is just a few kms from Thokkottu. “With 4 medical colleges and 3 universities in the vicinity of Thokkottu Junction we expect a large number of yuppie crowds to be our regular footfall. Transit Oneoffers everything for everyone and that is what makes the difference. This will be the one stop destination for every genre of crowd”, says a confident Mohammed.

Transit One is the keenly awaitedmall because it is going to herald a paradigm shift in mall culture, totally different from the existing set of malls. It has many firsts to its credit including an exclusive ladies zone and a drive-in-super market wherein customers can shop with the help of a portal. Another unique feature isthe external LCDdisplay at the entrance lobby and this is anotherfirst as far as Mangalore is concerned. Being a transit mall its aim is to target both the local populace as well as the travellers passing through this busy highwayand give them a pleasurable experience.

Highway malls are emerging as the one-stop-shop destination for most travellers and to the enterprises they provideenormous business opportunities. This is a big blessing for highway travellers and other customers asthese malls promise fun-filled and hassle-free shopping experience. The burgeoning middleclass and their increasing affluence have resulted in tremendous growth in road travel. A large number of Indians prefer to travel by road and the availability of shopping centres, food chains and refreshment zones is a welcome break for a weary traveller.

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Tapping Medical Tourism

Ecologic Habitat aims at inclusive development of this coastal region and is all set to make a foray into the hospitalityand health tourism sector as well. It is a known fact that the coastal region is blessed with nature's bounty and unique beauty, which is not fully tapped. The Western Ghats which forms part of this region is a global biodiversity hotspot known for its unique topographical diversity, climate, vegetation, rare and exquisite flora and fauna. It insulates the region and its people by providing climate stability, clean water and fresh air, which are the drivers of economic growth and social stability.

Moreover Mangalore is well-known as a healthcare hub and the promoters of Ecologic Habitat believe that both these factors can be exploited for promoting theme-based medical tourism. The promoters have already started working on this and have identified a property in the tranquil environs of Someshwar-Talapadystretch. “Tourism is a key driver of our economy, and we aim to make Mangalore an attractive destination all round the year.We have identified about 2 acres of land near Someshwar and we plan to promote Indian healing system in a big way. Ayurveda treatment, yoga, meditation, organic food and diet, nature trekking and many other forms of wellness methods are known for Indians from time immemorial. We want to promote these time-tested methods of treatment and give a big push to health tourism”, the promoters point out.

Beautiful cottagesand boutique hotel apartments will form part of promoting tourism to cater to budget travellers. As an extension of promoting health tourism Ecologic Habitat is planning to set up transit hostels for the benefit of student crowd. This is need of the hour in the city like Mangalore which is known as a bustling educational and healthcare hub attracting students from different parts of India and also from other countries.

With an array of economic activities which are in the various stages implementation Ecologic Habitat is sure to provide a fillip to the growth of the region and is all set to contribute in its own way for the overall growth and prosperity of this region.

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Address :

ECOLOGIC HABITATS

Crystal arc, 3rd floor,

Balmatta road,

Hampankatta, Mangalore – 575001

Contact Number : 91 9741070000, 0824-6066666

Email: [email protected]

website: www.ecologichabitats.com

Comments

Pooja Shetty
 - 
Thursday, 20 Oct 2016

wow!!! good job

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coastaldigest.com web desk
January 27,2020

Mangaluru, Jan 27: No power can now stop Kashmiri Pandits from going back to Kashmir, Defence Minister Rajnath Singh said on Monday, forcefully defending the NDA government’s decision to reorganise Jammu and Kashmir and abrogating its special status under Article 370.

Addressing a massive pro-CAA, NRC rally organised by the Bharatiya Janata Party at Gold Finch city, Kuloor, on the outskirts of the city, the Defence minister also sent a strong message to Pakistan and said India will not let anyone live in peace if it is harmed.

"We will not touch anyone, but if someone bothers us, then we are not going to let them live in peace," he said.

Referring to the exodus of a large number of Kashmiri Pandits from the Valley in the late 1990s at the height of militancy, Singh said no power now can stop them from returning to their homes.

On the Citizenship Amendment Act, the minister said it is not a law to hurt the sentiments of any religion but to give relief to victims of religious persecution.

Mahatma Gandhi had told Nehru to give citizenship to minorities like Hindus and Sikhs if they come to India and Prime Minister Narendra Modi has fulfilled that vision by bringing in the law, Singh said.

On several non-BJP states refusing to implement the CAA, the defence minister said it it is a central law and everyone should follow it.

Accusing the Congress of misleading people on the issue, he said the party should not forget its duty towards the nation just because it is in opposition.

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News Network
June 19,2020

Bengaluru, Jun 18: Former Karnataka Chief Minister and Congress leader Siddaramaiah has accused the BJP-led government of not passing the benefit of the low price of crude to the common man and urged Prime Minister Narendra Modi to take steps to bring down prices of petroleum products.

Hitting out at the BJP-led government, he termed it as "opportunistic" and said the price of petroleum products were being increased when people were facing difficulties due to COVID-19.

"It is very disheartening to witness and unprecedented opportunistic government which is trying to extract every pound and flesh from the common man, that too when the whole country is suffering from the COVID-19 pandemic. This is in the backdrop of the continuous price hike in the last 10 days," said the letter was written on Wednesday.

The Congress leader said that the policy decisions taken by the government "with respect to managing fuel sources are inconsistent with the prudent measures generally adopted".

"When the price of crude oil was remarkably low in March, April and May 2020, your government was very reluctant to pass on the benefits to the people by reducing the fuel prices proportionately, but, instead, your government continued to capitalise by increasing the excise duty," he said.

He said the government had also "failed" in the last six years to increase the oil storage capacity which could have been used for the country's advantage when the international crude oil price fell really low.

He said the government should roll back the excise duty and help in the reduction of fuel prices.

"The reduced burden will help the common man to have additional money in hand that will be spent on essential goods and services which will ultimately help them tide over these difficult times," he said.

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News Network
June 26,2020

Bengaluru, Jun 26: Karnataka's Commercial Taxes Department has sealed off an undeclared warehouse with imported goods worth Rs 4 crore in Bengaluru and found 60 GST registrations linked to a Chinese national from Wuhan.

The tax department officials found 25,446 China-made electronic and fast-moving consumer goods worth Rs 4 crore stored in the warehouse which was not declared to the tax authorities.

Commissioner of Commercial Taxes MS Srikar said in a statement that the officers noticed that one person from Wuhan City, China, got the premises in Bengaluru on lease.

They also found that about 60 registrations (both central and state jurisdictions) under the GST Act, in the name of a number of persons for online trading of imported China-made goods, had a single address which was vacant.

Most of the registrations were found irregular in the filing of returns and payment of tax. Majority of the firms either filed nil returns or were non-filers. The registration data showed that one business was registered in 2017-18, 43 in 2018-19, 14 in 2019-20 and two in 2020-21. Most of the 60 firms were private limited companies and 24 persons were interchangeably directors in 58 firms.

At the time of raid, neither the lessee, the Chinese national, nor any of the other 59 registered taxable persons were available at the business premises and no one came forward to participate in the proceedings in spite of providing sufficient time.

It is learnt that the Chinese national is operating the business from Wuhan City since January 2020 with the assistance of some of his agents/employees in Bengaluru.

It has also been learnt that multiple registrations are being taken for a better rating on e-commerce platforms, Srikar said.

The raids were led by Nitesh K Patil, Additional Commissioner, Enforcement, South Zone.
The Commercial Taxes Department is closely watching the genuineness of newly registered persons and conducting post-registration verification visits.

Any registration taken with mala fide intention of evading taxes will be dealt with seriously, the Commissioner said. 

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