Real Estate Advertising Leads Misleading Ad Violations as ASCI Tightens Scrutiny
The Advertising Standards Council of India (ASCI) flagged over 3000 misleading ads in the first half of 2024-25, with the real estate sector accounting for 34% of the violations.
Real EstateMisleading AdsAsciMahareraAdvertising StandardsReal EstateDec 04, 2024
From April to September 2024, ASCI reviewed 4,016 complaints and evaluated 3,031 advertisements. An overwhelming 98% of these ads required revisions to meet the necessary standards. The council primarily focused on digital platforms, with 2,830 ads—93% of the total reviewed—undergoing detailed scrutiny. Out of the ads analyzed, 2,087 were found to be in violation of regulations. Of these, 1,027 were forwarded to the Maharashtra Real Estate Regulatory Authority (MahaRERA) in line with a partnership between ASCI and MahaRERA.
In the remaining 944 cases that were thoroughly investigated, 53% of advertisers chose not to contest the findings after receiving ASCI's formal notice. ASCI also examined 2,115 real estate advertisements, with 1,027 of them being reviewed for compliance with the Maharashtra RERA Act. Earlier reports show that MahaRERA imposed fines amounting to INR 88.9 lakhs on 628 developers following the identification of misleading advertisements by ASCI. This action reflects the growing effort to hold developers accountable for deceptive marketing practices.
Additionally, with an increasing trend of advertisers opting for amicable settlements rather than engaging in disputes, ASCI has significantly streamlined its operations. As a result, the average time taken to respond to complaints has been reduced from 30 days to just 18 days, showcasing the effectiveness of this cooperative approach in addressing issues more swiftly and efficiently.
In conclusion, the ASCI's report underscores the increasing challenge of misleading advertising, especially in the real estate and offshore betting sectors. The proactive steps taken by ASCI, such as stronger scrutiny of digital platforms and cooperation with regulatory bodies like MahaRERA, have helped streamline the process of addressing violations. The reduction in response times and the rise in voluntary resolutions signal a positive shift in the industry. With more advertisers opting to settle disputes, ASCI's efforts to enforce ethical advertising practices are paving the way for a more transparent and accountable market.
Frequently Asked Questions
What is ASCI?
ASCI stands for the Advertising Standards Council of India. It is a self-regulatory organization that aims to promote responsible advertising and maintain ethical standards in advertising practices across various industries.
How many misleading ads were flagged by ASCI in H1 2024-25?
ASCI flagged over 3,000 misleading ads in the first half of the 2024-25 fiscal year.
What percentage of the violations were from the real estate sector?
The real estate sector accounted for 34% of the violations.
What is MahaRERA and how does it work with ASCI?
MahaRERA stands for the Maharashtra Real Estate Regulatory Authority. It works in partnership with ASCI to review and act on real estate advertisements that are found to be in violation of regulations, imposing fines and ensuring compliance with the Maharashtra RERA Act.
How has the average time taken to respond to complaints been reduced by ASCI?
The average time taken to respond to complaints has been reduced from 30 days to just 18 days, thanks to the proactive and cooperative approach taken by ASCI.
Related News Articles
IAS Officer's Mother Arrested in Pune Over Land Dispute, Remanded to Police Custody
A Pune court has remanded the mother of an IAS probationer to police custody over a land dispute, while her husband and daughter face separate allegations of misconduct and disproportionate assets.
Hyundai Brings Hope to Maharashtra with Project H2OPE
Hyundai Motor India Foundation launches Project H2OPE in Gadchiroli, Maharashtra to address water scarcity issues
Airtel Clarifies: Tata and Bharti Groups in Talks for Mega DTH Merger
Bharti Airtel has clarified that the discussions with the Tata Group for a potential DTH merger are still in the early stages. The telco has also announced a partnership with Ericsson for 5G core technology, marking a significant step in its technological
South City Mall-Blackstone Deal Speculative, No Urgency to Finalize: Consortium Partner
A consortium partner has revealed that the South City Mall-Blackstone deal is currently speculative and that there is no immediate urgency to finalize the sale. The consortium consists of 75-80 shareholders from various real estate companies, and they are
Nationwide Bank Strike: Employee Demands and Industry Impact
A nationwide bank strike is set to commence as key employee demands remain unmet, potentially disrupting financial services across the country. The United Forum of Bank Unions (UFBU) has confirmed the strike, citing unresolved issues with pay, working con
India's Retail Revolution: 70% of Upcoming Malls to Be Grade A by 2026
India's retail real estate sector is poised for a significant upgrade, with over 70% of the 12.3 million square feet of new mall space expected to be Grade A by 2026. This transformation is set to revolutionize the shopping experience for consumers.