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
- Advertisment -spot_img

Most Popular

Recent Comments

Mumbai Metro 2B Construction Triggers Sharp Rise in Chembur Property Rates

Mumbai Metro 2B Construction Triggers Sharp Rise in Chembur Property Rates

0
Chembur, a long-overlooked suburb in eastern Mumbai, is experiencing a dramatic property surge, thanks to the under-construction Metro Line 2B. This 23.6-km corridor is...
New Delhi Raises Cost Index, Reduces Tax Burden for Property Sellers

New Delhi Raises Cost Index, Reduces Tax Burden for Property Sellers

0
New Delhi’s recent hike in the Cost Inflation Index (CII) for FY 2025–26 from 363 to 376 is set to offer notable tax relief...
Delhi Dethrones Mumbai in Ultra Luxury Housing Sales as 1.7 Lakh Homes Change Hands Across Top 8 Cities in H1 2025

Delhi Dethrones Mumbai in Ultra Luxury Housing Sales as 1.7 Lakh Homes Change Hands...

0
Delhi NCR has officially overtaken Mumbai in the ultra luxury housing segment during the first half of 2025, signaling a shift in India’s high-end...
Navi Mumbai Maharashtra to Boost Water Supply with Major CIDCO Infrastructure Projects

Navi Mumbai Maharashtra to Boost Water Supply with Major CIDCO Infrastructure Projects

0
In Navi Mumbai, the City and Industrial Development Corporation (CIDCO) has launched a series of critical water infrastructure projects across the state. These initiatives...
Indias Real Estate Investment Slumps 33percent in Q2 2025 Amid Global Uncertainty

Indias Real Estate Investment Slumps 33percent in Q2 2025 Amid Global Uncertainty

0
The Indian real estate sector witnessed a sharp decline in institutional investments during the second quarter of 2025, signaling growing investor caution amid global...