Thai company MQDC ventures into luxury housing projects in Delhi-NCR
Anticipating an announcement of partnerships in early 2024, Amy envisions the debut of MQDC's first residential project in Delhi by 2025. The realty firm extends an invitation to Indian investors to explore its Bangkok properties, showcasing options to High Networth Individuals (HNIs) this week. MQDC properties in Bangkok boast an average annual yield of 5-7%, with a 3% annual capital gain and a 5% rental return. Amy highlights the range of property prices in Bangkok, spanning from Rs 25,000 to Rs 1 lakh per square foot.
Shifting the focus to co-working spaces, MQDC's Greater Kailash facility, spanning 22,000 square feet with 250 seats, maintains an impressive occupancy rate of 80-90%. The company is preparing to inaugurate its second center at Golf Course Road, encompassing 42,000 square feet and offering approximately 500 desks within the LEED Gold-rated 'Tapasya One' building. Amy emphasizes MQDC's dedication to catering to the varied requirements of professionals, corporations, and startups in the national capital region. Since its entry into India in 2019, MQDC has identified growth prospects and remains strongly committed to expanding and diversifying its presence in the country.