Transit One Mall – undoubtedly a masterpiece'

[email protected] (Business Desk )
August 16, 2016

Thokkottu: NH-66 at Thokkottu will be altogether different, once Transit One Mall resumes all its services. A Mangaluru based Real Estate development firm Ecologic Habitat' is all set to revolutionize the idea of travelling on the Indian Highways with the concept of Transit oriented development.

transitone

Ecologic Habitat has established Transit One' First of the Transit series of theme based malls. It is strategically located on NH-66, Thokkottu the Southern gateway of Mangaluru city. 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. It also caters to the Thokkottu region a fast growing sub-urb with numerous Educational and IT Organisations. The tag line Stop. Recharge. Restart' sums up the Transit experiences.

Situated on 40 cents of land with 50000 Sqft 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 & 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 & brands. Promoters, of the project envisions Transit one to be “Small world of large Happiness”.

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 modern version of the Old Indian Bazaar', where the local entrepreneurial spirit is at full display at the smaller boutique stores. When you are all done with the shopping, its time then to answer your gastronomic call & unwind at level-4 which offers an extensive variety of culinary options with the perfect ambience.

Ecologic Habitats, boasts of raking in the services of the best in industry to design & implement the project. Well Landscaped built environs is what the developers believe is at the core of their product portfolio. Services of a leading Bangalore based Landscape architect has been sought to breathe in Green into the entire shopping experience. Promoters believe that at Eco-Logic Habitats it's their commitment to add value to all their Buildings by breathing green into them. Ecologic Team says that it aspires to partner with a likeminded set of discernible clientele, so that it can add value to their investments by consistently delivering products that inspire.

Come 2018, Mangalore & Thokkottu will witness this new paradigm in travel & shopping. A journey of a thousand miles they say begins with a single step. Ecologic Habitats with this unique venture has taken the first step forward in right direction towards revolutionizing the shopping experience, with this out of the box; off the road' idea.

Assured Rental Returns:

Investors can avail shops starting from Rs.35 lakhs onwards with a guarantee of assured rental returns monthly with Loan facility.

For further details contact: Ecologic Habitats, Crystal Arc, 3rd Floor, Balmatta Road, Hampankatta, Mangaluru Email:[email protected] or www.ecologichabitats.com

Also Read:

Transit One: Well begun is half done

Transit One: Affordable Investment, now a 'Realty'.

Mangaluru: Construction work of Transit One mall at Thokkottu in progress

Transit-One' to set the stage for new era of mall culture in Mangaluru

Mangaluru's first theme-based mall 'Transit One' set for launch

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

Comments

Mohammed SS
 - 
Wednesday, 17 Aug 2016

Happy to see, please keep all Goondas away otherwise this will close down very soon

Jabbar
 - 
Wednesday, 17 Aug 2016

wow happy to c our thokkottu getting classy mall. we want this kind of innovative builders.

Imthiyaz
 - 
Wednesday, 17 Aug 2016

Highly Professional. all the very best.

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News Network
June 5,2020

New Delhi, Jun 5: Congress has named Mallikarjun Kharge as its candidate for ensuing biennial elections to the Rajya Sabha from Karnataka.

Party interim president Sonia Gandhi approved Kharge's candidature on Friday, according to a Congress release by general secretary Mukul Wasnik.

The elections to fill the pending 18 Rajya Sabha seats from seven states will be held on June 19.

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News Network
June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

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coastaldigest.com news network
June 6,2020

Mangaluru, June 6: Four persons were arrested by the Mulki police today in connection with the murder of Abdul Lateef, a 38-year-old businessman.

The arrested are: Mohammed Hasim (27), Nissar alias Riyaz (33), and Mohammed Razim (24), all residents of Mulki, and Aboobakar Siddique (27), a resident of Udupi.

The weapons and vehicles used for murder have been confiscated. Investigation is in progress to find out the motive behind the murder and the arrest of remaining accused.

Abdul Lateef, his father-in-law Muneer, latter’s son Ijaz and relative Imran were returning from Vijaya Bank at Mulki when a gang of nine miscreants waylaid their car and attacked with sharp weapons.

The gang comprised of Hakeem, Wafa, Asim, Siddique, Nissar, Bava, Farhan, Razeem and Siddiq.  While four of them are arrested, police continued hunt to nab other accused.

Abdul Lateef breathed his last while being taken to hospital. Others are undergoing treatment at a private hospital in Mangaluru.

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