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Bengalooru-based Golden Gate Properties is understood to be in advanced talks with 2 leading European banks, apart from the Blackstone Group, to raise close to $200 mn (Rs 900 cr). A company announcement on the same is expected shortly. Headquartered in Bengalooru, Golden Gate Properties controls a sizeable land bank of close to 350 acres in and ...

Property Developers will be paying an added tax on their premises for construction materials, over and above the money they have been paying to the builder to hold the property, says Supreme Court. The minimum VAT on construction material is at 4 per cent. However, the rate may increase or decrease from state to state. The verdict has already been ...