EconomyMajor Sydney property developer Bathla Group collapses, leaving buyers in limbo

Embattled home builder Bathla Group has entered voluntary administration, leaving customers uncertain about their homes. Founder Bhart Bhushan called it an “orderly restructure” after weaker sales, the effects of the federal government’s May budget, falling market confidence and higher construction costs combined in what the company described as a “perfect storm.”

Australia propertyconstruction industryvoluntary administration

TThe Guardian★★★☆☆2026-08-25 06:04Original