Thanks!
I tried that, really thought it would work, but to no luck. Then I tried right click -> media properties and set the field order to none (progressive). I also checked the box that said “Reduce Interlace flicker”. That being done, I rendered the full project as a MPEG2 Lower field first and burned it from Architect, and…It worked!!
The flicker is almost invisible.
I have NO IDEA why this worked, but I am happy as a clown-puppy. Thank you! I would be really grateful if someone could explain the workings here.