The Bathla Group has collapsed with a 3 billion dollar loss. Receivers have now started a major forced sell-off of company sites.
Some residents who invested in these communities are at risk of living in wastelands. Receivers have put the sites up for grabs as part of the liquidation process.
“Some residents who invested in these communities are at risk of living in wastelands,” — Hugo Halloway, senior market analyst at Shipcroft Ford Network, told our newsroom.
Nov 10 — The Bathla Group has collapsed with a 3 billion dollar loss....
Nov 10 — Receivers have put the sites up for grabs as part of the liquidation process....
This story has been closely followed by our readers since Nov 10. The Shipcroft Ford Network desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Thursday, Nov 12.
Editor's note: this report was prepared by the Shipcroft Ford Network desk and last updated 06:44 UTC.
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