According to Chulamas Jitpatima, country director of MQDC India Real Estate, Magnolia Quality Development Corporation (MQDC), a Thai real estate developer, is in discussions with regional builders about potential projects in the National Capital Region and may declare a collaboration for one of these projects early in 2019.
Additionally, the company intends to open five co-working spaces in the NCR, one of which is located in Greater Kailash-II and is currently functioning. On November 30, the second one, located in Gurugram on Golf Course Road, opened for business.
She predicted that early in the next year, the collaboration with a regional developer for a project in the NCR will be revealed.
The projects’ main focus would be luxury residential developments in the NCR, especially in Delhi and Gurugram, however they may also be mixed-use developments. At a Bangkok luxury project launch event for Indian purchasers, Jitpatima stated, “We will probably finalize this in the coming months.” “However, I believe that the project launch would occur in early to mid-2025.”
