Indian asset management firm Redwoods Capital, founded by the former head of BNP Paribas India’s real estate business Anuj Nautiyal, is set to raise a domestic real estate fund with a preliminary target of $50 million.

When Anuj Nautiyal did not clear the entrance exam for the IIMs, he joined Jones Lang LaSalle (JLL), a real estate firm. Unorganised and fragmented when Nautiyal took the plunge, few youngsters regarded real estate as a serious career.

European financial powerhouse BNP Paribas is foraying into Indian real estate brokerage and consultancy space, making it probably the first international banking group to offer such services in the country. The French banks real estate services subsidiary, Atisreal, is acquiring more than 50% stake in the consultancy business of Bangalore-based Redwoods Projects.

A Kolkata-based investor recently acquired 2.17 laks sft of commercial space from Embassy Property Developments for 141 crore. The office space at Embassy Paragon in Bangalore's IT suburb Brooksfields is occupied by tech gaint Intel.

The prime piece of real estate in the heart of Bangalore that once hosted the Jewels De Paragon jewellry store is up for sale.The 7-storey commercial building called Rathnam Complex located at the intersection of Kasturbs Road and MG Road, overlooking Cubbon Park, is owned by the rathnam family and realty brokerage Redwoods Projects.

Darwinism is playing out in India's office space market. The demand for large offices is moving away from standalone buildings to integrated business parks, helping top developers consolidate the leasing activity across big cities.