More than 100 projects now in limbo as major Australian builder goes bust
More than 100 families have been left with unfinished homes after a major construction company went bankrupt.
Grandeur Homes Pty Ltd was placed under external administration on Friday.
The Victoria-based construction company had 110 projects underway at the time of its bankruptcy, news.com.au reported.
Grandeur Homes has been in business since 2015, but the most recent reviews on the website date from 2021.
One customer still in limbo is Abhishek Marpally, who paid nearly $340,000 for a home that began construction in June of last year.
Grandeur Homes Pty Ltd came under external administration on Friday (pictured is a Grandeur Homes construction site)
He said his house was supposed to be ready this month.
He and his wife are now struggling to pay their mortgage payments, property taxes, excise duties, and gas and electricity bills.
“The excitement of the new house has completely gone now. I’m just working full-time and driving with Uber to keep up with the ongoing expenses,” he told the publication.
There’s more to come
