India’s E-Commerce Industry Poised to Reach USD 550 Billion by 2035

India’s e-commerce industry is projected to hit USD 550 billion by 2035, according to a joint report by ANAROCK and ETRetail. The sector, valued at USD 125 billion in 2024, is expected to reach USD 345 billion by 2030. The report highlights a surge in online shoppers from smaller towns, with Tier 2 and 3 cities accounting for 56% of shoppers in FY2024. Additionally, mall vacancy rates have dropped to 8.1% in 2024, indicating a strong post-pandemic recovery in physical retail spaces.

Mall Vacancy Levels Down to 8.3% in H1 2024 amid Robust Leasing, Limited Supply

According to ANAROCK’s H1 2024 Retail RELEAP report, mall vacancy rates have dropped to 8.3%, the lowest in six years, as demand continues to outstrip supply. Over 3 million square feet of retail space was leased in the first half of 2024, with a significant demand for smaller spaces and a growing presence of exclusive watches and jewellery stores. The highest upcoming retail supply is expected in NCR, MMR, and Hyderabad, accounting for over 85% of new space.

Panvel Real Estate Market Sees Robust Growth

The ANAROCK Panvel Micro Market Report highlights a surge in residential property prices in Panvel, Navi Mumbai, with an 8-10% increase over the past year. The report attributes this growth to significant infrastructure developments, including the Navi Mumbai International Airport and the Mumbai Metro Line 12. With a rise in new project launches and improving rental yields, Panvel is emerging as a promising area for real estate investment and development.

3BHKs in Highest Demand 

3BHKs in Highest Demand for 44% Respondents – CII-ANAROCK Survey. 38% of…