HomeLatestReal Estate Tops ASCI’s Misleading Ad Violations in 2024

Real Estate Tops ASCI’s Misleading Ad Violations in 2024

The Advertising Standards Council of India (ASCI) has flagged a concerning rise in misleading advertisements during the first half of the 2024-25 fiscal year. Leading the pack of offenders is the real estate sector, which accounted for 34% of the violations. Offshore betting followed closely at 29%, with healthcare, personal care, and food and beverage contributing 8%, 7%, and 6% respectively. The surge in violations highlights the growing challenges of ethical advertising, particularly in a digital-first market where regulatory oversight often lags behind innovation.

From April to September 2024, ASCI reviewed a staggering 4,016 complaints and analysed 3,031 advertisements, primarily across digital platforms. The scrutiny revealed that 98% of the ads required revisions to align with established advertising standards. Of these, 2,087 were found non-compliant, with 1,027 forwarded to the Maharashtra Real Estate Regulatory Authority (MahaRERA). In its partnership with MahaRERA, ASCI aims to hold developers accountable and enforce transparency in the real estate sector. Notably, advertisers in over 53% of the cases refrained from disputing the council’s findings, indicating a growing inclination towards amicable resolutions.

Sustainability and ethical practices have taken centre stage as ASCI intensifies its crackdown on misleading real estate ads. MahaRERA’s imposition of fines worth INR 88.9 lakh on 628 developers underscores the push for compliance and accountability. Moreover, the increasing adoption of solar-powered projects and green building certifications in real estate amplifies the demand for transparent marketing aligned with sustainable development goals. Real estate developers are being encouraged to integrate sustainability into their advertising narratives to rebuild consumer trust.

This proactive approach has also streamlined complaint resolution, with response times dropping from 30 to 18 days. The ASCI’s efforts not only safeguard consumer interests but also foster an environment of accountability. By ensuring compliance with ethical advertising standards, the council is setting the stage for a more transparent and sustainable real estate ecosystem in India.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

County Group Revives Delayed Gurugram Projects

County Group Revives Delayed Gurugram Projects

A fresh round of intervention in Gurugram’s troubled housing market is bringing renewed hope to nearly 400 homebuyers after long-delayed residential projects resumed construction...
ArisUnitern Targets Growth Through Urban Land Partnerships

ArisUnitern Targets Growth Through Urban Land Partnerships

India’s fast-evolving urban housing market is witnessing a new phase of land consolidation as developers increasingly rely on specialist advisory firms to secure projects...
Moradabad Draws Fresh Real Estate Attention

Moradabad Draws Fresh Real Estate Attention

Moradabad is beginning to attract renewed attention from investors and homebuyers as a series of highway and logistics projects reshape the economic geography of...
DDA Karkardooma Project Faces Approval Delays

DDA Karkardooma Project Faces Approval Delays

The Delhi Development Authority has extended the payment deadline for homebuyers allotted apartments under its Towering Heights project in East Delhi’s Karkardooma, offering temporary...
India Tier Two Housing Demand Reshapes Growth

India Tier Two Housing Demand Reshapes Growth

India’s smaller cities are emerging as the next major battleground for premium housing, as infrastructure-led growth reshapes residential demand beyond traditional metropolitan markets. Backed...