A mall is currently operational on the ground floor
New Delhi:
The Grand Venice Project in Greater Noida is unfit for occupancy, a Supreme Court-commissioned panel has found, citing incomplete construction as investors wait for over 15 years to take delivery of office spaces, stores, and a hotel.
Basic facilities like staircases, lifts, air conditioning, restrooms, and statutory clearances are missing, noted the two-member committee in its report, flagging large-scale negligence by the project developer, Bhasin Infotech and Infrastructure Private Limited (BIIPL).
A mall is currently operational on the ground floor at Plot No SH3, Surajpur Site 4, Greater Noida. However, the rest of the structures remain unfinished.
An estimated Rs 1,000 crore of investors’ money is stuck in the project.
The panel, headed by former judge Deepak Gupta and comprising senior advocate Rekha Palli as a member, noted that the developer collected a premium price, Rs 6,500-Rs 10,000 per square foot, in 2010.
Almost 75% of the allottees claimed to have paid 90% of the total consideration as a down payment. However, with the units still undelivered, many investors registered criminal cases against BIIPL and its promoter, Satinder Singh Bhasin.
The committee’s preliminary report was prepared by Anant Kumar, former special director general at the Central Public Works Department and former PWD engineer-in-chief, whose technical expertise was used to assess the site.
At the site, Kumar found material deviations against the sanctioned plans, with a lot of work still pending. The fire clearances obtained on July 25, 2025, were valid till a height of 57.15 metres, which was the eighth floor in the project of 15 floors, he submitted.
“The preliminary inspection clearly indicates that the project, in its present state, does not meet the requirements for completion, statutory compliances,” he told the committee.
Among other issues that he flagged, the 15th floor is yet to be constructed. Besides, there is no partition wall from the ninth to the 14th floor, due to which one cannot identify an individual unit from another.
Show full article
Track Latest News Live on NDTV.com and get news updates from India and around the world
Greater Noida, Grand Venice Project, Grand Venice Mall
