Archive · 25 Jan 2026
Grand Venice Project Unfit for Occupancy, Finds Supreme Court Panel
The Grand Venice Project in Greater Noida is not ready for people to live or work in, according to a report by a group appointed by the Supreme Court.
The project, which includes offices, shops, and a hotel, has been delayed for over 15 years.
The builders, BIIPL, did not finish the construction properly.
Important things like stairs, elevators, air conditioning, and bathrooms are missing.
The builders also did not get all the necessary permissions.
A lot of money, around Rs 1,000 crore, is stuck in this project.
Many people who invested in the project have filed complaints against the builders.
The report says the project is not safe or complete enough for people to use.
Grand Venice Project in Greater Noida found unfit for occupancy by Supreme Court panel.
Incomplete construction with missing basic facilities like staircases, lifts, and restrooms.
Rs 1,000 crore of investors' money is stuck in the project.
Developer BIIPL collected premium prices (Rs 6,500-Rs 10,000 per square foot) in 2010.
Fire clearances valid only up to the 8th floor, with the 15th floor still under construction.
- Who
- Supreme Court-commissioned panel, investors, BIIPL
- What
- Grand Venice Project found unfit for occupancy
- When
- Panel report submitted, fire clearance valid till July 25, 2025
- Where
- Greater Noida, Plot No SH3, Surajpur Site 4
- Why
- Incomplete construction, missing facilities, statutory non-compliances
- Project Name
- Grand Venice Project
- Location
- Greater Noida, Plot No SH3, Surajpur Site 4
- Developer
- Bhasin Infotech and Infrastructure Private Limited (BIIPL)
- Investment Stuck
- Rs 1,000 crore
- Price per Square Foot (2010)
- Rs 6,500-Rs 10,000
- Panel Members
- Deepak Gupta (former judge), Rekha Palli (senior advocate)
- Fire Clearance Validity
- Up to 57.15 metres (8th floor)
- Current Status
- Mall operational on ground floor, rest unfinished