PHOTO: Grandeur Homes Pty Ltd. NEWS.COM.AU
Over 100 families have been left with unfinished homes following the collapse of a major building company, Grandeur Homes Pty Ltd, which entered external administration last Friday.
The Victorian-based construction firm had up to 110 ongoing projects at the time of its insolvency, according to reports by news.com.au.
Grandeur Homes, which had been in operation since 2014, last posted customer reviews on its website in 2021.
One affected customer, Abhishek Marpally, paid nearly $340,000 for a home that began construction in June of last year. The house was supposed to be ready this month, but now he and his wife are struggling with mortgage repayments, property taxes, and utility bills.
“The excitement of having a new home is gone now. I’m working full time and driving Uber just to keep up with ongoing expenses,” Marpally shared with the publication.
Grandeur Homes Pty Ltd fell into external administration on Friday (pictured is a build from Grandeur Homes)
The Victorian-based construction company had up to 110 projects ongoing at the time of its insolvency
Less than 10 days before its collapse, Grandeur Homes denied being in trouble, attributing construction delays to industry-wide issues beyond its control.
“Grandeur Homes is working hard to mitigate the impact of delays, maintaining regular and open communication with its clients to keep them informed of progress,” the company’s lawyers stated.
Despite the challenges, Grandeur Homes emphasized its commitment to completing all outstanding projects, describing itself on its website as a leader in custom-built homes that brings clients’ dreams to life from design to completion.
SOURCE: THE DAILY MAIL