Thailand's real estate firm MQDC ventures into India with 1st co-working centre in Delhi
Magnolia Quality Development Corporation (MQDC), a Thailand-based real estate firm MQDC, is foraying into the Indian property market by taking on lease 22,000 sqft from realty major DLF for starting its first co-working centre in Delhi.
The company develops, invests in, and manages residential, mixed-use, commercial, and hotel projects. MQDC develops projects under brands such as Magnolias, Whizdom, The Aspen Tree, and Mulberry Grove.
Chulamas Jitpatima (Amy), Real Estate Director of MQDC India, said, “We are entering into Indian real estate market with our first co-working centre named 'Whizdom Club' at Greater Kailash-II in South Delhi. We have taken 22,000 sqft area from DLF to open this facility comprising over 400 seats.”
“The company has invested Rs 12 crore to set up this co-working centre. We are targeting students, start-ups and small and medium enterprises as well as corporates,” she added.
Krissayuth Chavavitayatham (Whizdom Society), Vice-President, MQDC, stated, “Delhi is our first location as the city offers demographic diversity, besides being the fastest-growing metropolitan city with a robust ecosystem and a thriving business culture.”