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CNBC-AWAAZ successfully hosts the North Zone edition of the 14th Real Estate Awards & Conclave
Mumbai: CNBC AWAAZ successfully concludes the North Zone of the 14th CNBC-AWAAZ Real Estate Awards & Conclave, presented by RR Kabel. The North Zone edition of the event took place in Delhi on 25 October 2023. At the conclave, notable industry leaders, real estate developers, policymakers, experts, and influential individuals convened to deliberate on the most recent trends influencing the future of the real estate sector and to explore strategies for accelerating its advancement in the upcoming years.
The event commenced with a welcome address by CNBC-AWAAZ & CNBC BAJAR editor Anuj Singhal. He said “These awards have been a trailblazer in recognizing achievements in the real estate sector for the past 16-17 years. The real estate industry holds significant importance for our country. Not more than a decade ago, the real estate sector was marred by a less favourable reputation. However, over the past 15 years, there has been a significant transformation in the perception of the real estate industry. The individuals gathered here today have been instrumental in this shift and have contributed to the sector’s evolution into a more organised and respected domain.”
The welcome address was followed by a special address by RR Kabel MD Shreegopal Kabra. He commented, “Last year, we established the Electrical Short Circuit Association, recognizing the prevailing trend in construction where buildings are designed for aesthetics but may lack a strong focus on safety and structural integrity, which are of paramount importance for our nation. Hence our emphasis is on both commercial and residential structures, including warehouses, whether they have a lifespan of 100 years or more with a sturdy building structure. There is a concerning prevalence of improper practices in the country driven by profit motives ignoring the safety of the project, and I believe that corporate governance should encompass the safety of each project. Real estate companies are achieving global recognition through marketing and advertisements, yet ensuring that we meet the lofty expectations set by these promotions remains a significant challenge, given the high standards set for our country.”
The event also featured panel discussions comprising esteemed industry personalities. The first discussion, titled Role of North India in Towering India’s Trillion-Dollar Real Estate Sector brought together industry thought leaders including Sanjay Khatri, Additional CEO, NOIDA; Munish Sharma, Additional CEO, GMDA (Gurgaon Metropolitan Development Authority); Namita Mehrotra, Director Finance, NCRCT; Vipul Roongta, Managing Director & CEO, HDFC Capital Advisors Ltd.; Pradeep Kumar Aggarwal, Founder & Chairman, Signature Global (India) Ltd.; and Shreegopal Kabra, Managing Director, RR Kabel.
The concluding panel for the evening was on Preventing Electrical Fires: Innovations in Fire Detection and Suppression. The panel featured Atul Garg, Director, Delhi Fire Service, Govt of N.C.T of Delhi; Ashish Rakheja, managing partner, AEON Consultants and Shreegopal Kabra, managing director, RR Kabel.
Preceding the award ceremony, the chief guest of the evening Anuj Singhal engaged in a fireside chat with Nitin Gadkari – Hon’ble Union Minister of Road Transport & Highways, Government of India. Gadkariji said, “Our Prime Minister’s vision is to transform our country into a 5 trillion-dollar economy, and one sector with the potential to drive this growth is the real estate industry. I recommend that this sector shift its focus towards affordable and low-cost housing, as it has the potential to significantly enhance their revenue.”
The evening ended on a high note with the award ceremony, where Nitin Gadkari – Hon’ble Union Minister of Road Transport & Highways, Government of India, Anuj Singhal, Shreegopal Kabra, and other esteemed guests felicitated the real estate projects from the North Zone of India. This event was presented by RR Kabel, Associate Partner – RR Parkon, Knowledge Partner – Knight Frank India and Powered by News18 India. The next phase shall see the felicitation of winners from the East and South Zones culminating into a final National Awards ceremony in January 2024.
Find the full winners list of the North Zone below:
|
CATEGORY |
SEGMENT |
WINNER |
CITY |
|
Best Residential Project |
SEGMENT – AFFORDABLE |
Panchsheel Greens II – Panchsheel Buildtech |
Greater Noida, Uttar Pradesh |
|
Best Residential Project |
SEGMENT – MASS HOUSING |
Habitat Residences- Conscient Infrastructure Pvt. Ltd |
Gurugram, Haryana |
|
Best Residential Project |
SEGMENT – MASS HOUSING |
Ghar Aangan -Arihant Enterprises |
Jaipur, Rajasthan |
|
Best Residential Project |
SEGMENT – MASS HOUSING |
Pt. Deen Dayal Residential Scheme, – Urban Improvement Trust Bikaner |
Bikaner, Rajasthan |
|
Best Residential Project |
SEGMENT – MID |
Joyville Gurugam Phase VI – Shapoorji Pallonji |
Gurugram, Haryana |
|
Best Residential Project |
SEGMENT – MID |
Express One – Express Builders |
Ghaziabad, Uttar Pradesh |
|
Best Residential Project |
SEGMENT – MID |
Signature Global Park II – Signature Global Homes Ltd |
Sohna, Haryana |
|
Best Residential Project |
SEGMENT – LUXURY |
Gulshan Dynasty- Gulshan group |
Noida, Uttar Pradesh |
|
Best Residential Project |
SEGMENT – LUXURY |
County 107 -County Group |
Noida, Uttar Pradesh |
|
Best Residential Project |
SEGMENT – ULTRA LUXURY |
The Camellias- DLF Ltd |
Gurugram, Haryana |
|
Best Residential Project |
SEGMENT – ULTRA LUXURY |
Godrej Connaught One-Godrej Properties |
Connaught Place , Delhi |
|
BEST RETAIL PROJECT |
|
Phoenix Citadel- Mall -The Phoenix Mills Ltd |
Indore, Madhya Pradesh |
|
BEST COMMERCIAL PROJECT |
|
Max Square -Max Estates |
Noida, Uttar Pradesh |
|
BEST COMMERCIAL PROJECT |
|
Eldeco Centre-Eldeco Group |
New Delhi |
News Broadcasting
Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
