The LDA has mapped the scheme in coordination and consultation with stakeholders including Lucknow municipal corporation (LMC), excise and police departments to ensure commercial viability for potential investors.
Reserved for those willing to invest Rs 13.66 crore to Rs 32.4 crore, the overall scheme has the potential to strengthen LDA’s coffers by at least Rs 288 crore, paving the way for similar schemes in other parts of UP. The excise department will allow round the clock operations of bars, microbreweries and watering holes.
“We will make amendments in rule books to allow day-round operations of bars within the special zones,” said a senior officer. In the upcoming policy that will govern excise business in 2023-24, the department has already made provisions for starred properties to operate bars through the day for in-house guests and the same will be offered to the fine dining street on a premium over and above the licence fees.
LDA’s officer on special duty and head of the commercial division, Amit Kumar Rathore said, “The establishments will have to fulfil and adhere to the procedures laid down by the municipal corporation, FSSAI, excise, police and fire departments.
We would permit 24×7 operations once all the NOCs are in place and also coordinate with other departments to expedite the applications required to make the fine dining street scheme successful.” Officials added that the street will be developed near Ahimamau crossing off the Shaheed Path.