Australian residential developer Bathla Group has entered voluntary administration after months of financial pressure, with Teneo appointed to its main corporate entity, Universal Property Group, and related builder Raj & Jai Construction. Founder and managing director Bhart Bhushan described the move as an orderly restructure after weaker sales, federal budget tax changes, falling confidence and higher construction costs. Universal Property Group had A$3.2 billion in liabilities as of June 30, 2025, much of it reportedly owed to private credit funds. Administrators will seek to stabilise operations and determine whether projects can continue, be restructured or sold, leaving thousands of homebuyers uncertain about deposits and unfinished homes. Bathla’s lenders reportedly include PAG Asia Capital, CVS Lane Capital Partners, Balmain, Ray White Capital, Keyview, Credit Connect in Queensland and La Trobe Financial. The collapse adds to wider stress in Australia’s residential construction sector, where 1,522 firms failed in New South Wales in the 2025/26 financial year. ASX-listed Centuria Capital Group has disclosed a A$4.5 million loan to a Bathla subsidiary through its Centuria Bass Credit Fund, which has six loan facilities with the developer.