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

India Steel Emission Targets Put Industry Under Pressure

India Steel Emission Targets Put Industry Under Pressure

India has moved deeper into regulating industrial carbon intensity, with new greenhouse gas emission targets placing the steel sector under a more structured compliance...
Mumbai Adani Property Development Needs RERA Clarity

Mumbai Adani Property Development Needs RERA Clarity

Adani Group’s planned property pipeline of more than 600 million sq ft is set to reshape the scale of private-sector development across Mumbai and...
UltraTech RERA Era Housing Sees Ultravolt Wires Entry

UltraTech RERA Era Housing Sees Ultravolt Wires Entry

India’s expanding housing and infrastructure pipeline is drawing another major construction-linked business into electrical supplies. UltraTech Cement has launched Ultravolt, backed by a ₹1,800...
Hyderabad Tribhuja RERA Registration Targets Premium Demand

Hyderabad Tribhuja RERA Registration Targets Premium Demand

A large residential development has entered Hyderabad’s Kollur housing market, adding 1,730 apartments to the western corridor as demand for higher-value homes continues to...
Mumbai RERA Faces Test From Adani Realty Expansion

Mumbai RERA Faces Test From Adani Realty Expansion

Mumbai is emerging as a major testing ground for one of India’s largest planned real estate expansions, with the Adani Group indicating a development...