The second edition of the prestigious Property Awards 2011, recognising excellence in Commercial Real Estate was a grand success with participation from leading developers and other real estate professionals. The evening at Westin Hotel, Mumbai on December 13, 2011 saw developers and architects of state- of -the -art projects emerge winners.

Morgan Stanley Infrastructure, or MSI, the dedicated infrastructure investing platform of Morgan Stanley, announced that Morgan Stanley Infrastructure Partners, or MSIP, a $4B global infrastructure fund, has committed to invest up to $200m in a joint venture with Isolux Corsan Concesiones in India.

Unitech made Rs 2,342 crore in profit by offloading shares to Norway-based company Telenor after getting the UAS licenses at a throw-away price, the Delhi High Court on Monday said while dismissing the bail plea of Unitech MD Sanjay Chandra.

After violent farmers’ protests for enhanced land compensation, authorities of Noida, Greater Noida and Yamuna Expressway decided to hike land rates by 12.5 per cent. To compensate the loss, authorities have also hiked land allotment rates by the same percentage. Mohinder Singh, chairman of the Noida, Greater Noida and CEO of the Yamuna Expressway Authority, said the three authorities decided to hike the rate taking into consideration the demands of farmers for increased compensation and the price index.

The Assam real estate and Infrastructure Developers Association (AREIDA) has urged the government to reduce registration fees while selling or buying property and reduce the duty fees to promote real estate business in the state. The people of the state have to pay 8.5 per cent registration charges, the highest in the country. While the rate is five per cent in Mumbai, it’s only one per cent in Kolkata.