G. Kalyan Kumar
MQDC India, the Indian subsidiary of Thailand-based Magnolia Quality Development Corporation (MQDC), a major real estate development company, launched its second co-working facility in Gurgaon, near New Delhi on December 1.
The realty company also has plans to launch luxury homes in Delhi and Gurgaon (Gurugram) very soon.
The company's first co-working center at Greater Kailash II, in South Delhi, opened in 2019; it has an area of 22,000 sq m and an occupancy rate of 80 to 90 percent.
New Delhi event of MQDC
At a special invitation-only event on November 30th at the Imperial Hotel, Connaught Place, New Delhi, MQDC held a presentation and press conference where its India plans were unveiled in all detail. The sophisticated mixed-use developer has 30 years of leadership experience in Thailand's real estate sector.
Ms. Patarat Hongthong, Ambassador of Thailand to India, also attended the event. The event led by MQDC’s global marketing team had an exclusive showcase of super luxury Bangkok properties that concluded on December 3.
MQDC (India) has plans to set up five more coworking facilities in the NCR, announced MQDC India Country Director Chulamas Jitpatima. The new co-working space named Whizdom Club on Golf Course Road Gurgaon, is double the size of its first co-working space facility in South Delhi.
The Whizdom Co-working space, New Delhi
It covers 42,000 square feet and offers 500 desks in the LEED Gold-certified Tapasya One building. Coworking Space meets the diverse needs of working people, businesses, and startups in most metropolitan areas.
Luxury apartments in Delhi and Gurgaon
India Country Director Chulamas Jitpatima explained that the upper-end Thai developer is also preparing to develop luxury apartment projects in Delhi and Gurgaon.
To this end, the company is already in talks with some of India's top developers for partnerships, and some sites are also under evaluation.
Jitpatima expressed optimism that the company could announce its local partner by early 2024 and launch the first residential project by 2025.
India Country Director Chulamas Jitpatima
Buy luxury Bangkok homes
During the presentation, the famed Thai developer showcased its flagship luxury properties in Bangkok and invited affluent buyers from India to fulfill their dream of a third home abroad.
The Chief Operating Officer of MQDC, Mr. Assada Kaeokhiao, gave an overview of the company’s projects, with special reference to its flagship, The Forestias, in Bangkok and its expansion plans in India. MQDC residential projects adhere to a unique sustainability philosophy known as "Sustainovation” blending innovation with ecological sustainability.
It respects and supports all life on earth and real estate development is seen as a mission to build habitats that benefit the society at large.
Ms. Patarat Hongthong, Ambassador of Thailand to India
Highlighting the attraction of MQDC properties as one of the best assets with high returns, Ms. Wilawan Brenig, MQDC vice president of international market development, said, “In our projects, about 10–12 percent of sales come from foreign buyers, of which 5–6 percent are Indians.”
MQDC team urged Indian investors, including high-net-worth individuals (HNIs), to buy luxury condominiums, leisure homes, and apartments in its various projects shaping up in Bangkok. For Indian buyers looking for third homes abroad, this is a great opportunity.
These luxury properties in Bangkok carry huge elite appeal, secure ownership, outstanding quality, attractive yields and rental yields, and the unparalleled allure of a world-class metropolis.
As for the benefits to investors, Brenig pointed to the high value of MQDC assets, including a 5-7 percent annual return, huge capital gains of about 3 percent annually, and rental yields of about 5 percent.
Highlights of The Forestias project
One of the super-premium projects of MQDC in Bangkok is a flagship project named The Forestias. It is one of the largest projects in Thailand's history, with a $3.8 billion investment made in 64 acres. The Forestias is a lush community that combines housing, lifestyle, healthcare, and transportation.
The Forestias Mulberry Grove villas
The homes at The Forestia are surrounded by green space in a sustainable mixed-use neighborhood and have won 74 awards for their unique design. This project integrates greenery, lifestyle, healthcare, and the best connectivity in housing.
This is located in the fastest-growing Eastern Economic Corridor. The highlights are extensive parking, branded housing, and numerous commercial and community segments. The project nearing completion is already 40% sold.
Similar projects nearing completion are Mulberry Grove, Sukumvit, and Whizdom Crafts Samyan.
Among the awards won by Forestias and its components, is the Outstanding Property Award in London.
The core components include Whizdom residences for new-gen living. Mulberry Grove villas and condominiums are for multi-generational families. The Forestias Signature series stands for residences that express the forest district’s distinctive concept.
One of the components, The Forest Pavilion housed in the heart of the Forrestias has been designed by globally acclaimed Forster + Partners and DT Design.
Ms. Wirawan Brennig highlighted Bangkok's excellent facilities, great service culture, and world-class education and healthcare that always make the third home a sought-after asset.
Icon SIAM views at night
MQDC is well known for some of the top landmarks in Bangkok, including the internationally acclaimed Icon SIAM. This subsidiary of DTGO, an entrepreneurial social organization with 30 years of experience and winner of numerous laurels for the highest ethical standards in business operations, is excited about its business prospects in India.
DTGO develops, invests in, and manages residential, community districts, and lots of theme projects, including retail complexes and hotels.
