Thailand based real estate developer will be developing co-working space for Students and Startups.

Magnolia Quality Development Corporation (MQDC) a Thailand real estate development company is going to launch its first-ever co-working office space under the name Whizdom Club in India. It is being said that they will be developing two more properties in Delhi NCR and is assessing opportunities for property development.

The first of the three proposed projects in India is located in the Greater Kailash-II area at South Delhi. The property has been leased from DLF-covering 22,000 square feet and has over 400 seats.

“We’ll look at second and third sites after we normalize this property. We may not be as fast as the other players, because we do not have a set format in our product. We will be adjusting to each of these sites depending on the gaps and opportunities that the area offers,” says Chulamas Jitpatima, Director, MQDC India Real Estate Private Limited.

Following Delhi and Gurugram, it might be possible for other cities like Bengaluru and Mumbai to be considered, but until now it will be only for NCR for the coming few years.

The company is also open for opportunities to property development in India. “MQDC is a house of brands. The portfolio includes at least 10 brands. Some of them are launched while others are underway. We would like to partner with a player who shares our perspective. We are open to the development of mixed-use, home and hybrid co-working models,” she said.

The organisation is not limited by size. “Everything depends on how attractive the place is. It may be the same size as here and depends on the product mix too. We are also ready to buy, rent and even joint ventures in the future, depending on the possibilities,” she said.

Further, she stated; The Whizdom Club is looking to target between 20 and 40 year age group in start-ups, funded teams, corporations and even students. The idea is to catch young people. “We want to grow future lives. Our USP supports not only infrastructure but also mentoring.”

In addition, the company is involved in the events. These events also can be booked by non-members. It’s also going to have a Delhi ideation laboratory. “Global MQDC’s vision is to build future leaders. That’s why we’re targeting students too.” Costs per seat depending on the number of years of lock-in.

“Hot desks, committed or fixed desks and cabins are typically present. The rates of the hot desks range from Rs 13,000 to Rs 16,000 a month, depending on the occupancy levels. Students can also get a day pass. We will also start a program that allows students to enjoy a 30-day free trial with an ID card. A daily Rs 600 pass includes access to printing and even events,” she said.

The company focuses on wellbeing, prosperity and enhancing living. “The way the room is determined is reflected to all this. The number of seats will not be maximized. Our emphasis is on natural light, ventilation and the lowest possible use of air-conditioning ducts,” she stated.