Thailand’s MQDC New Co-Working Centres in India

Despite COVID-19, Thailand-based property development firm Magnolia Quality Development Corporation (MQDC)’s expansion plans for India are on track. It hopes to launch two more properties in Delhi and Gurgaon by the second quarter in 2021 and is currently evaluating opportunities for property development. The firm is considering launching five centres for Whizdom Club in Delhi NCR in all. “As far as Whizdom Club is concerned we are currently looking for the second and the third sites already. We are in discussions with some landlords in Delhi and in Gurgaon and the model remains similar to our first property but it is not a cookie cutter,” Chulamas Jitpatima, country director, MQDC India Real Estate Private said. The company launched the first of the three projects planned for India last year at Greater Kailash-II in South Delhi. The property spans 22,000 square feet and has over 400 seats. This had been leased from DLF.