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

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Pooja Shetty
 - 
Thursday, 20 Oct 2016

wow!!! good job

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News Network
April 16,2020

Bengaluru, Apr 16: A 66-year old man from the city, became the thirteenth COVID-19 related fatality in Karnataka, Health Department officials said on Thursday.

The elderly patient from Bengaluru, who was coronavirus positive died on April 15 at Victoria Hospital in the city, officials said.

"He was referred from a private hospital and was admitted in Victoria Hospital and was on ventilator support since April 10," they added.

A 80-year old woman in Belagavi and a 65-year old man from Chikkaballapura had also died on Wednesday.

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News Network
March 5,2020

Bengaluru, Mar 5: Karnataka is facing unprecedented economic difficulties following a Rs 8,887 crore reduction in the state's share in central taxes, cut in allocation under 15th finance commission and a Rs 3,000 crore hit in GST compensation, Chief Minister B S Yediyurappa indicated on Thursday.

Presenting the state budget for 2020-21 in the Assembly, he said Karnataka's share in central taxes has come down by Rs 8,887 crore in 2019-20 as per the revised budget estimates of the central government. Therefore the state's revenue resources have been reduced. Apart from this, Rs 3,000 crore GST compensation will also be reduced as collection from the GST compensation cess is not as expected, the Chief Minister said. "With all this it has become difficult to reach to reach the 2019-20 budget targets and to manage this situation within the bounds of the Karnataka Fiscal Responsibility Act, an inevitable situation has arisen this year to cut down the expenditure of many departments," he added.

As per the interim report submitted by the 15th finance commission, there is a reduction in the state's share of central taxes to 3.64 per cent compared to 4.71 per cent fixed by the 14th finance commission. In view of this, there will be a reduction of Rs 11,215 crore in the state's share of central taxes in 2020-21 budget, when compared to the previous one.

He, however, noted that the allocation recommendation of the 15th finance commission is limited to one year only and the complete report for the period 2021-22 to 2025-26 will be submitted in October 2020.

"Our government will soon submit a revised memorandum to the commission to set right the loss caused to the state with regard allocation for the year 2020-21 and give more allocation for the remaining period," the Chief Minister said. He also said, when compared to the previous year, there is an increase of approximately Rs 10,000 crore for 2020-21 with regards to government employees salary, pension and interest on government loans, but there is no proportionate increase in resources as compared to committed expenditure. "Due to this reduction of the state's share of central taxes as per the 15th finance commission report and other developments, serious difficulties are being faced in resource mobilisation efforts of the state," Yediyurappa said. "This magnitude of economic difficulties was never faced in the previous years by our state," he added.

However, the state's own tax revenue collection is excellent during this year, he said. As compared to the previous year, there is a growth of 14 per cent in State GST collection. "Based on this, in the new budget, efforts are being made to manage the reduction in the share of central taxes by stabilising the state's own resources more", the Chief Minister said.

Karnataka recorded a gross state domestic product growth rate of 7.8 per cent in 2018-19 and Yediyurappa said for the current financial year it is estimated to be 6.8 per cent.

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News Network
February 10,2020

Bengaluru, Feb 10: A group of women on Monday started a protest against Citizenship Amendment Act (CAA), National Register of Citizens (NRC), and National Population Register (NPR) here near Bilal Masjid.

Members of the transgender community on Sunday had also taken out a march here to express solidarity with those protesting against CAA, NRC, and NPR.

The newly enacted law is facing stiff opposition across the country with some states including Kerala, West Bengal, Rajasthan and Punjab refusing to implement it. Rajasthan, Kerala, and Punjab have also passed resolutions against the amended citizenship law in their legislative Assemblies.

The CAA grants citizenship to Hindu, Sikh, Jain, Parsi, Buddhist, and Christian refugees from Pakistan, Afghanistan, and Bangladesh, who came to India on or before December 31, 2014.

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