30th October 2023: 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 October 25, 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 Anuj Singhal, Editor, CNBC-AWAAZ & CNBC BAJAR. 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 Shreegopal Kabra, Managing Director, RR Kabel. 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 Shri. Nitin Gadkari – Hon’ble Union Minister of Road Transport & Highways, Government of India. Shri 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 its revenue.”
The evening ended on a high note with the award ceremony, where the Shri. 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.