The Liquor Ban Real Estate Story – Highway To Hell?

The Liquor Ban Real Estate Story – Highway To Hell?

With the recent Supreme Court ruling banning the sale of liquor from establishments located within 500 meters of the National and State highways, an ew realestate dynamicisatplay. F&B out lets located within mall sandstand alone restaurants located along‘ within city limits’ highways.

Liquor shops and bars located along national and state high ways beyond the urban jurisdiction of thecity

In the category of organized F&B players with establishments located within urban jurisdictions in cities like Gurgaon, ingenuous methods to increase the distance from the highway have been arrived at.

In the rest of Maharashtra, the government has received proposals from Jalgaon, Laturand Yavatmalmunicipal corporations seeking to de-notification of highways, which have been approved.

In Pune, however, the municipal corporation has not yet sought to de-notify key highways. In this city, while some restaurants continue to function without liquor along the Mumbai-Pune expressway, some others are relocating to areas beyond the 500-meter limit because going ‘dry’ is simply not an option. 

The challenge is to maintain visibility and accessibility to transiting customers despite moving further inside the city. Hotels close to IT business hubs in Hinjewadiand Kharadiare most impacted.

In Bangalore, hotels located on the outskirts of the city are understandably far from happy. In Tamil Nadu, the de-notification of Anna Salai in Chennai as a state highway is likely.

The natural question of what happens to the upkeep of the all these highways post de-notification arises, and this is still a big question mark…

ASHUTOSH LIMAYE

National Director, Research & REIS

For further reading please refer to following link:http://jllapsites.com/real-estate-compass/2017/04/highway-liquor-ban-real-estate/

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For more information about our research, contact 

Ashutosh Limaye 

National Director, Research and REIS  +91 98211 07054  ashutosh.limaye@ap.jll.com 

Sushma Vemuri

Analyst, Research and REIS  +91 9860178764  

sushma.vemuri@ap.jll.com

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