Residents bought into communities but may end up living in 'wastelands'
Bathla's property projects across Sydney that were designed to build communities remain unfinished as frustrated local residents fear the implications for their suburbs.
Sydney residents who invested in a developer's community projects may soon find themselves living in deserted wastelands, according to officials. The $3.4 billion collapse of the Bathla Group has left dozens of residential developments stuck in limbo. Owner Rinnah Roque, who bought a townhouse off the plan, expressed frustration that construction has halted despite her hard-earned investment.
Developers and private equity firms that invested in Bathla are now scrambling to find builders willing to complete the projects, but experts warn that the quality of the already completed work could pose challenges. If these developments remain unfinished, they could become dangerous and devalue property values, leaving communities in financial hardship.
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