Sydney property builder Bathla Group collapsed and entered external administration on Monday. The collapse of the indebted company leaves around 15,000 homes in limbo and involves a $3.6bn loss. Before going into administration, Bathla Group had carried out 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, leaving around 15,000 homes on hold across New South Wales as the liquidation process begins.