MQDC to announce first residential project in India

04 Dec 2023 CW Team

Bangkok-based property company Magnolia Quality Development Corp (MQDC) is expected to announce the partnership for its first residential project in India early next year, a senior executive said.

?We are exploring partnership with local developers. It could be a mixed use project but the core component would be a luxury residential,? said Chulamas Jitpatima, the country director of MQDC.

The company is also looking to tap Indian buyers looking to buy abroad. Currently about 5% of the buyer of MQDC?s project in Thailand are Indian and it is making effort to increase the share.

MQDC made its entry into the Indian market in 2019 with the launch of Whizdom Club, a coworking facility located in Delhi. However, the company temporarily halted its expansion efforts thereafter.

It has now leased another 45,000 sq ft in Gurgaon for the co-working centre and is in the final stages of closing a deal for a residential project in Gurgaon.

It plans to open 4-5 more co-working centre in Delhi-NCR.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..