MAHARERA Collabs with ASCI to Identify Non-Compliant Real Estate Developers

21 Feb 2024 CW Team

In a significant move towards enhancing transparency and accountability in the real estate sector, the Maharashtra Real Estate Regulatory Authority (MAHARERA) has entered into a collaboration with the Advertising Standards Council of India (ASCI). The partnership aims to identify and address non-compliance issues among real estate developers, reinforcing regulatory measures and ensuring adherence to established standards.

The collaboration between MAHARERA and ASCI is designed to scrutinise advertising content and promotional materials used by real estate developers. By leveraging ASCI's expertise in advertising standards, the initiative seeks to identify instances of non-compliance with regulations and ethical standards within the real estate advertising space.

The partnership is expected to empower regulatory authorities to take corrective actions against developers found in violation of advertising norms. This proactive approach aligns with MAHARERA's commitment to creating a fair and transparent real estate market by holding developers accountable for accurate and responsible advertising.

As the real estate sector continues to evolve, the collaboration with ASCI provides a mechanism to ensure that consumers receive accurate and reliable information about property offerings. The initiative also contributes to the overall credibility of the real estate industry by addressing concerns related to misleading advertising and promoting a culture of responsible marketing practices.

Stakeholders, including homebuyers, real estate developers, and industry observers, will closely monitor the outcomes of this collaboration and the impact it has on promoting transparency in the real estate advertising domain. MAHARERA's partnership with ASCI is a noteworthy step in enhancing consumer protection and reinforcing ethical standards within the real estate sector in Maharashtra.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..