Sydney developer Bathla Group collapses under $3 billion debt, leaving 1,000 homes unfinished

Sydney developer Bathla Group went into administration on August 25, 2026 — meaning a professional steps in to sort out its finances. The company owes over $3 billion. About 1,000 homes and $1.5 billion in projects are at risk. Founder Bhart Bhushan calls it an orderly fix-up. In 2025/26, 1,522 NSW construction firms went under.