Aug 25, 2026 – 10.15amEmbattled Bathla real estate development empire has collapsed into administration amid broader financial strain on the property giant.Teneo were appointed as administrators of Bathla entities including Universal Property Group and Raj & Jai Construction on Tuesday, documents filed with the Australian Securities and Investments Commission.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Indebted real estate giant Bathla falls into administration
The appointment of Teneo on Tuesday to oversee hundreds of Bathla entities will raise broader concerns about the viability of the real estate development empire.
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