UP-RERA urges builders to comply with regulatory guidelines while issuing advertisements for projects

The authority's chairman Sanjay Bhoosreddy highlighted that all the promotional materials for marketing and sales should compulsorily adhere to the prescribed guidelines in order to avoid the implication of financial penalties.

By  Storyboard18Jan 24, 2025 6:11 PM
UP-RERA urges builders to comply with regulatory guidelines while issuing advertisements for projects
The authority's chairman Sanjay Bhoosreddy has also asked the home buyers to refrain from investing in projects that failed to include RERA registration numbers, website links, unique QR codes, or declaration accounts in their ads, further added the report. (Image Source: Unsplash)

The Uttar Pradesh Real Estate Authority (UP-RERA) has issued a directive to real estate developers and agents, urging that they comply with regulatory guidelines while issuing advertisements for their projects, stated a media report.

The authority's chairman Sanjay Bhoosreddy highlighted that all the promotional materials for marketing and sales should compulsorily adhere to the prescribed guidelines in order to avoid the implication of financial penalties.

He has also asked the home buyers to refrain from investing in projects that failed to include RERA registration numbers, website links, unique QR codes, or declaration accounts in their ads, further added the report.

To note, UP-RERA has already imposed financial penalties which amounts to Rs 266 crore against 91 developers and agents who failed to comply with the guidelines.

Bhoosreddy stressed that the measures apply across OOH, print, television, digital platforms, social media etc. And, he further added that repeat offenders who face financial penalities amounting to up to five percent of the project's total cost.

First Published on Jan 24, 2025 5:59 PM

More from Storyboard18

How it Works

Meta hires two more Apple AI researchers after poaching their boss

Meta hires two more Apple AI researchers after poaching their boss

How it Works

YouTube Premium's muffled pitch: Why a "sound strategy" isn't converting in India

YouTube Premium's muffled pitch: Why a "sound strategy" isn't converting in India

Brand Marketing

Global Ads Spotlight: How a tiny filter made a big splash in Colombia

Global Ads Spotlight: How a tiny filter made a big splash in Colombia

Advertising

Mast or Meh: Snapdeal, Chupa Chups, Plum, and more – Who scored high and who left you sore?

Mast or Meh: Snapdeal, Chupa Chups, Plum, and more – Who scored high and who left you sore?

How it Works

Sports and Athleisure brands under consumer scrutiny amid rising eco expectations: Report

Sports and Athleisure brands under consumer scrutiny amid rising eco expectations: Report

Advertising

Reddit ad revenue to top $1.8bn this year and grow to $2.5bn next year: WARC

Reddit ad revenue to top $1.8bn this year and grow to $2.5bn next year: WARC

Advertising

Lowe Lintas bags the creative mandate of Tuborg

Lowe Lintas bags the creative mandate of Tuborg

Advertising

Publicis Groupe posts 5.9% organic net revenue growth for Q2 FY25; CEO downplays AI threat

Publicis Groupe posts 5.9% organic net revenue growth for Q2 FY25; CEO downplays AI threat