Daijiworld Business Network
Mangaluru, Sep 25: As the construction work of Mangaluru’s new boutique highway mall: 'Transit One' completes, it serves as a great opportunity for the entrepreneurs of the region to start new ventures.
The boutique mall provides a good supporting avenue for new businesses to establish and flourish.
Located in one of Mangaluru’s fastest growing commercial neighbourhoods – Thokottu, a fast emerging ideal hotspot, it is a good opportunity for various brands which are looking to make their presence there.
Transit One Highway Mall also provides a very good investment opportunity for investors looking for a good and steady rental income.
For customers it will be a unique shopping experience. The coming few months are all set to bring in a lot of excitement for the shopping frenzy folks of the city.
Designed as a stopover destination for the travellers on the busy National Highway-66, Transit One has a catchy tagline: 'Stop-Recharge-Restart'.
The boutique mall also serves as neighborhood mall for the large number of people residing in Deralakatte-Ullal region which houses 4 universities, medical colleges etc, thereby providing a large catchment area for the business.
The team at Ecologic Habitats who are the promoters of the project are very confident of good footfalls as there are large number of residents in the neighborhood who had to otherwise travel all the way to Mangaluru City Centre for a good shopping experience. Now, they will have their own boutique mall in their backyard.
All statutory compliance and completion approvals have been received for the project and currently the leasing process is ongoing.
Bookings have now been opened for rentals of the stores. Stores ranging from 100 sft upto 3000 sft are available for rent.
Retail leasing consultant services have been sought for various franchise business opportunities across segments such as F&B, Clothing, FMCG, fashion & others.
For those who wish to start their own business, the retail consultancy also offers consultation to bring in various franchise business models.
As the process of renting of individual stores is ongoing, a soft launch may be planned after a minimum number of stores are leased and ready with fit-outs for opening.
Transit One intends to provide a good experiential retail experience with a good mix of retail, entertainment and gastronomic options.
The Indian retail industry is one of the fastest growing in the world. Retail industry in India is expected to grow to US$ 1,200 billion by 2021 from US$ 672 billion in 2017.
India is the fifth largest preferred retail destination globally. India’s retail sector is experiencing exponential growth, with retail development taking place not just in major cities and metros, but also in Tier-II and Tier-III cities. Healthy economic growth, changing demographic profile, increasing disposable incomes, urbanisation, changing consumer tastes and preferences are the other factors driving growth in the organised retail market in India.
With reports of a market slowdown, the Government of India has introduced reforms to attract Foreign Direct Investment (FDI) in retail industry. The government has approved 51 per cent FDI in multi-brand retail and 100 per cent in single brand retail under the automatic route which is expected to give a boost to ease of doing business and encourage Make in India, and plans to allow 100 per cent FDI in e-commerce. India will become a favourable market for fashion retailers on the back of a large young adult consumer base, increasing disposable incomes and relaxed FDI norms.
With an innovative product mix and smart investment options, Ecologic Habitats hopes to guide its customers make the right investment choice.
The team at Ecologic Habitats strives to identify niche markets through careful market research and analysis of business trends.
Delivering the best returns for customer investments by striking win-win deals remains to be a priority for them.
Why invest in commercial real estate segment rather than apartments?
The advantage of investing in commercial segment of real-estate clearly supersedes the investment on apartment units in Mangaluru.
With a large number of high rise apartments finding its way into the chief port city of Karnataka, the residential demand has reached saturation levels with the returns on investments plunging low.
Investments on apartment units have lower returns with long term depreciation in value.
The rental returns on apartments range from 2 to 3 % as compared to a whopping 6-8% rental gain on commercial units and an added annual escalation advantage
Stores are now available for rent: Booking Open!
One can also visit Transit One and view the stores.
Invest Rs 20 lacs in Transit One Store and get monthly returns of Rs 15,000.
To Book Space, Contact:
+91 97410 70000 / +91 824 4112 666
Ecologic Habitats LLP
Crystal Arc, 3rd Floor, Balmatta Road, Hampankatta, Mangaluru- 575 001, India
Email: enquiries@ecologichabitats.com