(Staff article from The DAILY MAIL AUSTRALIA on 25 August 2026.)
A Sydney property developer whose company has left up to 25,000 homes in limbo after being placed into voluntary administration is building a luxury compound complete with an eight-car underground garage, tennis court and pool.
Bhart
Bhushan, who co-owns the Bathla Group alongside his brother Rajinder Mohan,
announced the property group would enter voluntary administration on Tuesday,
citing a 'perfect storm' of softening sales, tax change impacts, and higher
construction costs. The business is believed to owe an estimated total of
$3.6billion to private credit firms and other creditors.
Administrators from Teneo have been appointed to undertake an 'immediate assessment' of the company's finances in an effort to stabilise operations. Urgent discussions are now taking place with lenders, and 500 jobs are now at risk.
Mr Bhushan founded the business in 1997 after originally starting out as a taxi driver. Bathla develops budget-friendly housing estates, townhouses and apartments across Sydney, including growing suburbs Schofields, Marsden Park and Tallawong in the city's north-west.








