More than 100 families have been left with unfinished homes after a major building company collapsed.
Grandeur Homes Pty Ltd fell into external administration on Friday.
The Victorian-based construction company had up to 110 projects ongoing at the time of its insolvency, news.com.au reported.
Grandeur Homes had been operating since 2014 but its most recent reviews posted to its website were from 2021.
One customer left in limbo is Abhishek Marpally, who paid close to $340,000 for a house, with construction beginning in June last year.
He said his home was supposed to have been ready this month.
He and his wife are now struggling to keep up with mortgage repayments, property and lax tax, and gas and electricity bills.
‘The new home excitement is not left at all now. I am just working full time and driving Uber to catch up with ongoing expenses,’ he told 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 ten days before the company went under, Grandeur Homes denied it was in trouble, claiming delays for builds were out of their control and an impact of the industry as a whole.
‘Grandeur Homes is working hard to mitigate the impact of delays, and it maintains regular and open communication with its clients to keep them informed of progress,’ lawyers on behalf of the company told the publication.
‘Grandeur Homes sympathises with the frustration and hardship of those who have been affected by the industry-wide delays experienced in recent years.
‘They assure all of their clients that they are doing everything possible to complete all outstanding projects.’
On its website, the company describes itself as the ‘leader in custom built homes’.
‘From design and plans to the finished Product, we work with you to bring everything you want in a home to reality,’ the company said.
‘No nasty surprises or compromises. We remember the most important thing – seeing you in the home you love.’
