Williamson Magor plans real estate foray

India’s Williamson Magor Group plans a foray into real estate expansion in six months, a top official said on Thursday.

While talking to journalists Vice Chairman D. Khaitan told that, “It will drift a separate company to come into the real estate sector”.

The group holds stakes in battery maker Eveready Industries India, tea planter Mcleod Russel India and civil engineering firm, Mcnally Bharat Engineering.

Khaitan told that they will look at commercial real estate development, adding the new firm will look to purchase land in India for development with funds from group companies.

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