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

Shree Digvijay Cement Leadership Shift Signals Change

Shree Digvijay Cement Leadership Shift Signals Change

Shree Digvijay Cement has announced a new leadership appointment at a time when India’s cement industry is undergoing rapid operational and environmental transition driven...
Dalmia Bharat Partnership Focuses On Skilled Employment

Dalmia Bharat Partnership Focuses On Skilled Employment

A new employment-linked skilling partnership backed by Dalmia Bharat Foundation and a workforce development organisation is aiming to improve job access for trained youth...
Andhra Cements Merger Review Signals Industry Shift

Andhra Cements Merger Review Signals Industry Shift

Andhra Cements Ltd is preparing to evaluate a proposed merger with Sagar Cements, a move that could reshape regional cement manufacturing capacity at a...
India Cements Capital Loss Signals Market Strain

India Cements Capital Loss Signals Market Strain

India Cements Capital Ltd has reported a sharp annual loss for FY26 following a series of asset write-offs, underscoring mounting financial pressure across India’s...
India Paint Sector Faces Consumption Pressure

India Paint Sector Faces Consumption Pressure

India’s largest decorative paints manufacturer reported weaker quarterly earnings this week, underscoring growing stress across the country’s urban consumption economy as slower housing upgrades...