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

Sumitomo Chemical India Leadership Shift Signals Strategic Transition

Sumitomo Chemical India Leadership Shift Signals Strategic Transition

Sumitomo Chemical India has announced changes in its senior management structure,marking a leadership transition at a time when the agrochemical sector is adapting to...
Punjab Steel Forging Plant Brings New Manufacturing Jobs

Punjab Steel Forging Plant Brings New Manufacturing Jobs

Punjab is set to strengthen its advanced manufacturing base with a ₹1,116 crore steel forging and machining facility planned in Ludhiana. The project, developed...
SAIL Steel Outlook Reflects Changing Infrastructure Demand

SAIL Steel Outlook Reflects Changing Infrastructure Demand

Steel Authority of India Limited (SAIL) is navigating a challenging quarter as softer steel prices weigh on market conditions, even as lower coking coal...
Bhilai Steel Plant Expansion Brings New Industrial Capacity

Bhilai Steel Plant Expansion Brings New Industrial Capacity

The Bhilai Steel Plant in Chhattisgarh is set for a major capacity expansion after Steel Authority of India Limited approved a plan to raise...
Shiva Cement Mining Expansion Raises Sustainability Focus

Shiva Cement Mining Expansion Raises Sustainability Focus

Shiva Cement mining expansion has moved into a new phase after the company secured approval to increase the scope of operations at one of...