The Bathla Group has fallen apart with a 3 billion dollar loss. Receivers have now started a major forced sell-off of company sites.
Some residents who bought into these communities face the risk of living in wastelands. Receivers have put the sites up for grabs during the liquidation process.
“The Bathla Group has fallen apart with a 3 billion dollar loss,” — Amara Sterling, research director at Wrayley Field Solutions, told our newsroom.
Nov 9 — The Bathla Group has fallen apart with a 3 billion dollar loss....
Nov 10 — Receivers have put the sites up for grabs during the liquidation process....
This story has been closely followed by our readers since Nov 8. The Wrayley Field Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Monday, Nov 16.
Editor's note: this report was prepared by the Wrayley Field Solutions desk and last updated 06:47 UTC.
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