Sydney housing firm Bathla Group went into external administration on Monday. The collapse of the indebted company leaves around 15,000 homes in limbo and includes a $3.6bn loss. Before entering external administration, Bathla Group had undertaken multiple residential projects across New South Wales.
Buyers of off-the-plan properties face serious concerns as the liquidation process unfolds. The failure of the prominent builder triggered administration proceedings on Monday, putting around 15,000 homes in limbo across New South Wales as the liquidation process starts.