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

Zuari Agro Chemicals Faces Softer Quarterly Demand

Zuari Agro Chemicals Faces Softer Quarterly Demand

Zuari Agro Chemicals reported a weaker financial performance for the opening quarter of the financial year, with revenue declining to around ₹6 billion as...
India Steel Strategy Shifts Towards Value Products

India Steel Strategy Shifts Towards Value Products

India’s largest steelmakers are increasingly looking beyond expanding crude steel output and are instead prioritising value added manufacturing to strengthen earnings and improve capital...
Uttar Pradesh Cement Capacity Expansion Supports Infrastructure

Uttar Pradesh Cement Capacity Expansion Supports Infrastructure

India’s cement manufacturing landscape has entered another phase of expansion after Birla Corporation increased its installed cement capacity to 21.4 million tonnes annually following...
India Aluminium Extrusion Demand Drives Urban Growth

India Aluminium Extrusion Demand Drives Urban Growth

India’s aluminium extrusion market is poised for sustained expansion as demand from construction, transport, renewable energy and manufacturing sectors approaches 858,000 tonnes, reinforcing the...
India Steel Sector Gains Investment Grade Recognition

India Steel Sector Gains Investment Grade Recognition

India’s largest steel producer has secured a global investment-grade credit rating from Moody’s, a move expected to strengthen access to international capital as the...