Supreme Court Slams Greater Noida’s Grand Venice Mall Over Incomplete Construction

The Supreme Court has come down strongly on the Grand Venice project in Greater Noida after a court-appointed committee found the massive commercial development unfit for occupancy even after more than 15 years.

Thousands of investors who booked office spaces, retail units and a hotel continue to wait, with nearly Rs 1,000 crore of their money stuck in the stalled project.

Severe Construction Gaps and Missing Facilities Flagged

In its findings, the two-member committee highlighted glaring deficiencies across the project developed by Bhasin Infotech and Infrastructure Private Limited (BIIPL). Essential facilities such as staircases, lifts, air conditioning systems, washrooms and mandatory statutory approvals were found to be missing or incomplete.

While a shopping mall is currently operational on the ground floor at Plot No SH3, Surajpur Site 4 in Greater Noida, the remaining structures across the project remain unfinished. The panel described the situation as a case of large-scale negligence by the developer.

Investors Paid Premium Prices, Delivery Still Pending

The committee, headed by former Supreme Court judge Deepak Gupta with senior advocate Rekha Palli as a member, noted that BIIPL had charged premium rates ranging from Rs 6,500 to Rs 10,000 per square foot when bookings were opened in 2010.

According to the report, nearly 75 percent of allottees claimed they had already paid around 90 percent of the total consideration as down payment. Despite this, possession of units has not been handed over, prompting several investors to file criminal complaints against the company and its promoter, Satinder Singh Bhasin.

Technical Inspection Reveals Plan Violations

The committee relied on a preliminary technical report prepared by Anant Kumar, former special director general of the Central Public Works Department and former engineer-in-chief of the PWD. His inspection revealed material deviations from the sanctioned building plans and extensive pending work at the site.

Fire safety clearance obtained on July 25, 2025, was valid only up to a height of 57.15 metres, corresponding to the eighth floor, even though the project was planned for 15 floors.

"The preliminary inspection clearly indicates that the project, in its present state, does not meet the requirements for completion, statutory compliances," Kumar told the committee.

He further pointed out that the 15th floor has not yet been constructed, and the absence of partition walls between the ninth and 14th floors makes it impossible to demarcate individual units, raising serious concerns over safety and legality.