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

Hilton Spark Expansion Targets 150 Hotels Across India

Hilton Spark Expansion Targets 150 Hotels Across India

Global hospitality operator Hilton is preparing for a significant expansion in India through the introduction of its Spark brand, with plans that could see...
Triton Group Introduces Income Linked Housing Investment Model

Triton Group Introduces Income Linked Housing Investment Model

A growing number of real estate developers are experimenting with alternative ownership models as homebuyers increasingly seek both housing security and investment returns. In...
Embassy Developments Commits Rs 1500 Crore To Uttar Pradesh Commercial Growth

Embassy Developments Commits Rs 1500 Crore To Uttar Pradesh Commercial Growth

Uttar Pradesh has attracted a proposed investment of Rs 1,500 crore for a large-scale commercial real estate project, signalling growing investor confidence in the...
MHADA Redevelopment Pipeline May Unlock Rs 4 Lakh Crore Investment

MHADA Redevelopment Pipeline May Unlock Rs 4 Lakh Crore Investment

Mumbai's urban renewal agenda may enter one of its most significant phases yet as the Maharashtra Housing and Area Development Authority (MHADA) advances a...
IHG Targets 400 Hotels Amid India Tourism Growth

IHG Targets 400 Hotels Amid India Tourism Growth

India’s hospitality sector is entering a new phase of expansion as global hotel operator IHG outlines plans to significantly increase its presence across the...