Greater than 15 years after traders within the upscale Grand Venice venture in Larger Noida have been promised supply of workplace areas, shops and a resort, a examine commissioned by the Supreme Courtroom has discovered the venture unfit for occupation on a number of counts—no fundamental amenities of staircase, raise, air con, relaxation rooms and statutory clearances.
To make certain, a mall on the bottom ground at Plot No. SH3, Surajpur Web site 4, Larger Noida, is presently operational, however the remainder of the buildings stay unfinished. It’s estimated that round ₹1,000 crore of traders’ cash is caught within the venture.
The Supreme Courtroom report of an impartial two-member committee, headed by its former choose Deepak Gupta, together with senior advocate Rekha Palli as a member, revealed large-scale negligence on the conduct of the venture developer, Bhasin Infotech and Infrastructure Personal Restricted (BIIPL). The report famous that the developer collected a premium value, ₹6,500 to ₹10,000 per sq. foot, in 2010.
Virtually 75% of the allottees claimed to have paid 90% of the whole consideration as a down fee. Nevertheless, with the items nonetheless undelivered, many traders registered felony circumstances towards BIIPL and its promoter, Satinder Singh Bhasin.
The 2-member committee roped within the technical experience of Anant Kumar, former particular director basic, Central Public Works Division and former PWD engineer-in-chief, who ready a preliminary report primarily based on subsequent visits to the location in query.
In conclusion, Kumar informed the committee, “The preliminary inspection clearly signifies that the venture, in its current state, doesn’t meet the necessities for completion, statutory compliances.”
He discovered materials deviations on the website as towards the sanctioned plans and completion plans, with a considerable quantum of labor nonetheless pending. Kumar’s submission to the committee confirmed that the fireplace clearances obtained on July 25, 2025, have been legitimate until a peak of 57.15 metres, equivalent to the eighth ground in a venture having 15 flooring. Whereas the fifteenth ground is but to be constructed, there aren’t any partition partitions from the ninth to 14th flooring, as a result of which particular person items are usually not identifiable.
Two service flooring, as proven within the sanctioned plan, don’t exist. Not one of the lifts, elevators in business workplace blocks are purposeful and important companies corresponding to staircases, transformers, DG units, air-conditioning chillers, air washers, and relaxation rooms are incomplete, the report mentioned.
“In its current situation, the advanced can’t be thought-about full or purposeful. High quality-related points are additionally seen as flooring, gates, ceiling work, lighting, plasters are usually not achieved from eighth ground to 14th ground…It requires important rectification and completion earlier than it may be thought-about match to, for handing over to allottees for occupation,” Kumar mentioned in his report back to the two-member committee, requiring time until January 23 for submitting an in depth report.
The impartial committee positioned these particulars earlier than a bench of justices Sannjay Karol and N Kotiswar Singh early this month in a sealed cowl. The bench, on January 13, made the report public and directed the identical to be uploaded to the Supreme Courtroom web site for eliciting responses from all stakeholders, together with the venture developer, allottees and Uttar Pradesh state authorities.
The court docket was approached by Bhasin in 2019 to consolidate a number of FIRs towards him. In November 2019, he was granted interim bail on the situation that he’ll endeavour to settle the disputes raised by allottees. The matter was closed in August 2023 with a path that if Bhasin reneged on the enterprise given, allottees can be at liberty to hunt cancellation of bail. From late 2023, a number of purposes by allottees, following which the court docket handed an order constituting the committee on November 20, 2025.
The report by the committee is the newest in a sequence of circumstances being examined by the highest court docket to supply succour to 1000’s of homebuyers in Delhi-NCR who’ve purchased properties which have been delayed for years and a long time, in some situations.
The bench headed by Chief Justice of India (CJI) Surya Kant took a daring step on this path, ordering a probe by the Central Bureau of Investigation (CBI) into the nexus between builders and banks within the alleged subvention scheme rip-off throughout a number of housing tasks.
The court docket lately got here to the rescue of homebuyers in Supertech’s Supernova venture in Noida by constituting a committee headed by a former excessive court docket choose to make sure completion of the housing items with out permitting the venture to enter insolvency. There too, the saga of unfinished tasks and unfulfilled guarantees by the venture proponent drove determined homebuyers to hunt safety of their proper to shelter from the highest court docket.
Comparable initiatives are being taken by the court docket whereas monitoring easy completion of the Amrapali, Unitech and Jaypee building tasks, the place actual property builders siphoned away homebuyers’ cash and breached their belief of getting well timed possession of their properties.
Bhasin, who’s the director of BIIPL and the Grand Venezia Business Towers Personal Restricted, had approached the allottees claiming to have completion certificates from UP State Industrial Improvement Authority (UPSIDA), which allottees discovered to be a farce, as solely partial completion certificates was obtained. Bhasin promised on-paper possession on the power of this doc.
To confirm these and extra such claims by allottees, the court docket appointed the impartial committee to establish the present standing of the venture, look at grievances of allottees and confirm the time by which housing items could possibly be handed over to the homebuyers. As a few of these elements can be addressed by the committee in its last report, the bench has posted the matter for January 27.
