Real estate sector picking up: Industry body

he real estate sector is picking up after the slump witnessed during the global economic meltdown, an industry body said on Monday.
"In Chennai alone, in the whole of last year the total occupancy level was 2.6 million square feet. But in the last six months, we had crossed 2 million square feet of occupancy, which shows a rapid growth," National Association of Realtors Committee's media head Ramesh Nair said.
Demand has been growing at a decent rate and the property consultancy industry has tremendously evolved in the last 15 years, said Nair, who is also the managing director of the city-based real estate developer Jones Lang La Salle.
In view of this, the association, which represents over 1.2 million real estate agents spread across the country, will conduct its second edition of two-day seminar on 'NAR-India 2010' here from July 16, he said.
"The objective of the seminar is to educate the members of association on the latest trends in the real estate sector and to streamline the sector that is largely unorganised... This seminar will also help us to network with each other,"
NAR India 2010 chairman C Suresh Reddy said. He said over 500 delegates, including some from overseas, are expected to participate in the two-day seminar.