Sydney housing firm Bathla Group collapsed and entered external administration on Monday. The collapse of the indebted company leaves around 15,000 homes in limbo and includes a $3.6bn loss. Before going into administration, Bathla Group had undertaken multiple residential projects across New South Wales.
Buyers of uncompleted homes face growing uncertainty as the liquidation process progresses. The failure of the prominent builder forced formal administration on Monday, putting around 15,000 homes in limbo across New South Wales as the liquidation process starts.