Real Estate Takes the Lead in Misleading Ad Violations as ASCI Intensifies Digital Scrutiny
The Advertising Standards Council of India (ASCI) flagged over 3000 misleading ads in H1 2024-25, with the real estate sector accounting for 34% of the violations.
Real EstateMisleading AdsAsciMahareraDigital PlatformsReal Estate NewsDec 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 the Advertising Standards Council of India (ASCI)?
The Advertising Standards Council of India (ASCI) is a self-regulatory organization that aims to ensure ethical and truthful advertising practices in India. It reviews and evaluates advertisements to ensure they meet the necessary standards and do not mislead consumers.
How many ads did ASCI review in the first half of 2024-25?
ASCI reviewed 4,016 complaints and evaluated 3,031 advertisements in the first half of 2024-25.
What percentage of the misleading ads were from the real estate sector?
The real estate sector accounted for 34% of the misleading ads flagged by ASCI in the first half of 2024-25.
What is the Maharashtra Real Estate Regulatory Authority (MahaRERA)?
The Maharashtra Real Estate Regulatory Authority (MahaRERA) is a regulatory body in the state of Maharashtra, India, that ensures compliance with the Real Estate (Regulation and Development) Act, 2016. It works to protect the interests of homebuyers and promote transparency in the real estate sector.
How has ASCI's response time to complaints improved?
ASCI has reduced the average time taken to respond to complaints from 30 days to just 18 days, showcasing the effectiveness of its cooperative approach and streamlined operations.
Related News Articles
Tata Curvv to Challenge Creta Dominance with CNG Variant Launch
Tata Motors hints at launching a CNG variant of the Tata Curvv, set to rival the Hyundai Creta in the mid-size SUV segment.
Avadhoot Gupte Secures Luxurious Apartment in Bandra for Rs 7.7 Crore
The property is located in the upscale neighborhood of Bandra (Khar West), Mumbai, highlighting the area's growing appeal as a premier destination for high-end real estate.
Mumbai: Prominent Pharma Tycoon Acquires Prime Sea-View Apartment in Lodha Sea Life
The recent acquisition of a high-end sea-view apartment by the promoter of Alkem Laboratories, Cyriac George Singh, has stirred the Mumbai real estate market. Singh's purchase, along with other significant transactions, highlights a growing trend of luxur
Nifty on Track for a Phenomenal 2025? 20-25% Returns Possible, Says Sharad Avasthi
The Indian stock market, bolstered by solid economic growth and transformative trends, is set to deliver impressive returns in 2025. Sharad Avasthi, a market expert, predicts a strong performance driven by robust government spending and sectoral growth.
TN CM Advocates Innovative Urban Plans for Sustainable Housing
The Chief Minister of Tamil Nadu has called for the development of innovative urban plans to address the growing demand for sustainable housing. He highlighted ongoing efforts to create comprehensive master plans that balance urbanization with environment
Bracing for the Economic Storm: Kiyosaki’s 2025 Financial Crisis Prediction
In an era of market volatility and economic uncertainty, financial guru Robert Kiyosaki is sounding the alarm bells with his bold 2025 economic forecast. He recommends strategic investments in gold, silver, Bitcoin, and real estate to safeguard against po