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 Cement Assets Draw Fresh Infrastructure Interest

India Cement Assets Draw Fresh Infrastructure Interest

Dalmia Bharat is nearing an agreement to acquire select cement assets linked to the financially stressed Jaypee Group, marking another major consolidation move in...
India Consumer Stocks Reflect Urban Spending Shifts

India Consumer Stocks Reflect Urban Spending Shifts

India’s consumer-focused companies are facing diverging market expectations as changing urban spending habits, inflation pressures and evolving household priorities reshape demand across sectors ranging...
Chennai Steel Fraud Probe Raises Industry Concerns

Chennai Steel Fraud Probe Raises Industry Concerns

Enforcement authorities conducted searches at multiple steel-related business locations in Chennai as part of an investigation into an alleged financial fraud estimated at more...
Madhya Pradesh Cement Investment Raises Sustainability Questions

Madhya Pradesh Cement Investment Raises Sustainability Questions

HeidelbergCement India has received regulatory approval for a grinding unit in Madhya Pradesh’s Khandwa district, signalling continued investment in cement capacity as infrastructure construction...
Birla Opus Campaign Highlights Urban Housing Maintenance

Birla Opus Campaign Highlights Urban Housing Maintenance

India’s growing home improvement market is increasingly reflecting deeper concerns around housing quality, climate durability and long-term maintenance, as paint manufacturers sharpen their focus...