MQDC, a Thai Real Estate Development Company, Leases 45000 sqft in Gurugram to Establish a Coworking Space

MQDC, a Thai Real Estate Development Company, Leases 45000 sqft in Gurugram to Establish a Coworking Space

Bangkok-based property development company Mangolia Quality Development Corporation (MQDC) has secured a lease for approximately 45,000 square feet of space in Gurugram, promoting the opening of its second co-working centre in the country. The transaction was confirmed by Chulamas Jitpatima, country director of the company's Indian subsidiary.

MQDC entered the Indian market in 2019 with the introduction of Whizdom Club, a coworking space in Delhi. However, the corporation subsequently temporarily halted its expansion endeavours. 

MQDC is presently in negotiations with multiple landowners to acquire a large parcel of land for a residential development in the National Capital Region (NCR), in addition to the latest development.

When MQDC first entered the Indian market, it outlined plans to open five to six centres within three years, with Bengaluru and Mumbai as potential locations.