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

Goa Real Estate Sees Rise Of Investment Demand

Goa Real Estate Sees Rise Of Investment Demand

0
Goa’s residential property landscape is undergoing a structural recalibration, as buyers increasingly approach the market with an investment-first mindset rather than purely lifestyle intent....
India Steel Prices Climb On Demand Recovery

India Steel Prices Climb On Demand Recovery

0
India’s steel market is witnessing a renewed price momentum, with domestic benchmarks for flat and long products firming up in recent weeks. The rise...
Hero Realty Land Acquisition Boosts NCR Growth

Hero Realty Land Acquisition Boosts NCR Growth

0
A fresh land acquisition in Greater Noida is signalling renewed confidence in the region’s housing market, as developers position themselves around emerging infrastructure corridors....
Mumbai Real Estate Sees High Value Penthouse Buy

Mumbai Real Estate Sees High Value Penthouse Buy

0
A high-value luxury housing transaction in Mumbai’s Goregaon has drawn attention to the rapid transformation of the city’s western suburbs, where premium residential prices...
Raymond Realty Pre Sales Surge Reshapes MMR Housing

Raymond Realty Pre Sales Surge Reshapes MMR Housing

0
A sharp acceleration in housing demand across the Mumbai Metropolitan Region (MMR) has lifted Raymond Realty Ltd to its strongest quarterly performance this financial...