Government Urges States, RERAs to Act Against Misleading Builder Ads
NEW DELHI: In response to reports of builders and agents using official-sounding language to manipulate the appearance of their projects, the Central government has urged states and real estate regulators (RERAs) to intervene and prohibit misleading advertisements that could trick buyers. They have also been directed to submit reports focused on safeguarding buyer interests. Sources indicate that the issue was thoroughly discussed at a recent meeting of the Central Advisory Council (CAC) of RERA, led by Housing and Urban Affairs Minister Manohar Lal Khattar. Instances of misleading advertisements were presented to all members, including representatives from state governments and RERA…