A major developer has announced it has been placed into voluntary administration as it creaked under $3b in debt.
Heath Parkes-Hupton@heath_parkes News.com.au
3 min read August 25, 2026 - 1:56PM
A major western Sydney-based home builder has collapsed into voluntary administration as it strained under more than $3 billion in debts.
Bathla Group’s managing director Bhart Bhushan announced on Tuesday he had placed the firm into voluntary administration, per a statement on its website.
“Our first thoughts are with our employees and the customers who have put their faith in us to deliver their dream of home ownership,” he said.
“It is my sincere hope this process can allow that to happen by working collaboratively with the administrators, our suppliers, contractors and lending partners.”
Bathla currently has about 15,000 properties under construction across Sydney’s west but had racked up more than $3 billion in debt, largely to private creditors.
Question: how can any builder or developer run up 3.2 billion in debt?
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