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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Agencies
July 25,2020

New Delhi, Jul 25: Nearly a year after Cafe Coffee Day founder V.G. Siddhartha's death, the probe committee appointed by the Board of Coffee Day Enterprises Ltd (CDEL) has given a virtual clean chit to private equity investors and the Income Tax Department who were named in his last letter.
The investigation report noted that Siddhartha may have felt "aversive behavioural stimulus" due to persistent reminders from the PE investors and other lenders.

"However, such reminders and follow-ups by the PE investors and lenders are not something which are beyond normal industry practices and we believe that PE investors were acting as per accepted legal and business norms," said that report.

It further said that the investigators were not provided with any documentary evidence to show any "advertent or inadvertent harassment" from the Income Tax Department.

It however, said that the financial records suggest a serious liquidity crunch which may have arisen due to the attachment of Mindtree shares by the IT Department.

Further, the probe revealed that MACEL, a private firm of Siddhartha, owes Rs 2,693 crore to Coffee Day Enterprises, which the report says, "needs to be addressed".

The Cafe Coffee Day founder's body was fished out of the Netravathi river in Karnataka by a group of fishermen on July 31 last year, a day after he went missing.

His last note raised several questions about the role of investors, and tax officials.

He had written: "Tremendous pressure from other lenders lead to me succumbing to the situation. There was a lot of harassment from the previous DG Income Tax in the form of attaching our shares on two separate occasions to block our Mindtree deal and then taking possession of our Coffee Day shares, although the revised returns have been filed by us. This was very unfair and has led to a serious liquidity crunch."

The massive shock to the industry and the country also led the government to assure that tax officials would not harass businessmen and the situation would improve.

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News Network
May 3,2020

Bengaluru, May 3: Five more COVID-19 cases have been reported from Karnataka, taking the total number of coronavirus cases in the state to 606, the state government said on Sunday.

The total number of cases includes, 25 deaths and 282 discharged.

"Five new COVID-19 positive cases have been reported in Karnataka from 2nd May, 5 pm to 3rd May, 12 noon; taking the total number of positive cases to 606 which includes 25 deaths and 282 discharges," the government stated.

According to the statement, out of the five cases, three have been reported from Kalaburagi and two have been identified from Mudhol.

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News Network
June 6,2020

New Delhi, Jun 6: With the coronavirus pandemic showing no signs of abating, it seems unlikely that Muslims from India will be able to undertake the Hajj pilgrimage this year.

However, the government will take a final decision on the matter only after Saudi Arabia makes its position on hosting the pilgrimage clear.

A circular issued by the Hajj Committee of India on Friday said only a few weeks are left for the preparatory work in India for Hajj 2020, yet the Saudi authorities have not communicated any further development regarding the pilgrimage.

"In view of the several inquiries received and concerns expressed over uncertainty over Hajj 2020, it has been decided by the Hajj Committee of India that, those pilgrims who desire to cancel their Hajj journey this year, their 100 per cent amount paid so far will be refunded without any deductions," the circular issued by Hajj Committee of India CEO Maqsood Ahmed Khan said.

"Coronavirus cases are increasing in Saudi Arabia and two lakh people have to go from here. We had made preparations, but now there is very little time left. We are waiting for an official word from Saudi Arabia," a top source said.

In response to a question, the source said, "This time, it is unlikely that people will be able to undertake Hajj from India."

Uncertainty has been looming large over this year's Hajj in the wake of the coronavirus pandemic and though Saudi Arabia has not made a decision on whether the annual pilgrimage will be held or not, it did ask Muslims to delay their bookings till there is more clarity.

The bilateral annual Hajj 2020 agreement between India and Saudi Arabia was signed last December. In 2020, a total of 2 lakh Indian Muslims were expected to perform Hajj.

Over 95,000 COVID-19 cases and more than 600 deaths have been reported in Saudi Arabia due to the coronavirus pandemic, according to Johns Hopkins University data.

Some countries have decided not to send their people for Hajj this time. The most prominent among these is Indonesia, the country with the largest Muslim population in the world.

The Hajj 2020 is proposed in the period between late July and early August.

The Hajj is one of the five pillars of Islam which every Muslim is required to complete at least once in their lifetime if they are healthy enough and have the means to do so.

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