In the first half of FY25, the Advertising Standards Council of India (ASCI) reviewed 4016 complaints and investigated 3031 advertisements, finding that real estate and illegal betting ads were the biggest offenders in terms of code violations.
AsciReal EstateIllegal BettingCode ViolationsConsumer ProtectionReal Estate MaharashtraNov 27, 2024
ASCI, the Advertising Standards Council of India, is a voluntary self-regulatory organization that ensures advertisements are legal, decent, honest, and truthful. It reviews and investigates complaints across various media to protect consumers from misleading or harmful content.
Realty (34%), illegal betting (29%), healthcare (8%), personal care (7%), and food & beverage (6%) were the top five categories with the highest number of code violations during this period.
ASCI reported 1,027 advertisements to the Maharashtra Real Estate Regulatory Authority (MahaRERA) under a Memorandum of Understanding (MoU) between the two organizations.
The partnership between ASCI and government regulators like MahaRERA and MIB is crucial for creating an impetus for better oversight and ensuring that advertisements adhere to ethical standards, thereby protecting consumers from harmful or misleading content.
Besides real estate and illegal betting, ASCI is also focusing on areas such as greenwashing, where they released guidelines earlier in 2024. The organization aims to provide better protection to consumers by addressing various ethical concerns in advertising.
Jammu & Kashmir is poised for a transformative era, with vast potential for real estate development and more.
New regulations for corporate insolvency resolution in India: How they impact real estate projects and more.
Most members of the Group of Ministers (GoM) are not in favour of providing GST relief to the real estate sector, particularly with regard to joint development agreements (JDAs) between developers and land owners.
The collaboration will lead to the development of a luxurious apartment complex spanning 1.74 acres, marking Shapoorji Pallonji Real Estate's second major venture in Gurugram.
Fractional ownership has emerged as a popular investment avenue, allowing several investors to co-own high-value assets such as holiday homes. This model offers both lifestyle benefits and attractive financial returns.
Khaitan & Co, a leading law firm in India, has announced the elevation of 30 new partners across various practice areas, including Banking & Finance, Corporate, Real Estate, and more. This strategic move underscores the firm's commitment to expanding its expertise and client base.