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 Boom Redraws The Raw Material Map

India Steel Boom Redraws The Raw Material Map

India’s accelerating steel capacity build-out is beginning to reshape international trade in coking coal and metallurgical coke, with overseas supplies becoming increasingly important to...
Delhi NCR Home Prices Reach New Q3 Highs

Delhi NCR Home Prices Reach New Q3 Highs

Delhi-NCR has emerged as India’s fastest-rising major housing market by average primary-market prices, with values climbing 12% year on year in the July-September quarter....
India Housing Boom Could Reshape Daily City Life

India Housing Boom Could Reshape Daily City Life

India’s next phase of housing growth is likely to be shaped not only by new homes, but by how easily residents can access work,...
Karnataka Logistics Growth Gets Fresh Leadership Push

Karnataka Logistics Growth Gets Fresh Leadership Push

Karnataka’s industrial and logistics property market is getting a new leadership focus as a senior real estate professional takes charge of industrial, land and...
Kolkata Real Estate Sector Faces Skills Challenge

Kolkata Real Estate Sector Faces Skills Challenge

India’s real estate industry is seeking a larger place in economic policymaking as its market expands and construction activity supports millions of jobs. The...