The Bathla Group has collapsed with a 3 billion dollar loss. Receivers have now started a large scale sale of company sites.
Some residents who bought into these communities are at risk of living in wastelands. Receivers have put the sites up for grabs as part of the winding up process.
“Some residents who bought into these communities are at risk of living in wastelands,” — Lena Ostrowski, senior market analyst at Healey Field Solutions, added during the briefing.
Nov 8 — The Bathla Group has collapsed with a 3 billion dollar loss....
Nov 11 — Receivers have put the sites up for grabs as part of the winding up process....
This story has been closely followed by our readers since Nov 10. The Healey Field Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Sunday, Nov 15.
Editor's note: this report was prepared by the Healey Field Solutions desk and last updated 06:46 UTC.
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