Has the real estate sector become cheaper. It looks like that. After some dull phase and with the new GST rules coming in there was less demand for the houses ,flats and plots in Hyderabad and Cyberabad. But now people say it is looking up and the upper class people are grabbing the plots, and flats left and right around Gatchibowli areas.
After Baahubali ace director Rajamouli has moved into a posh villa and he is investing in real estate it is reported. Dil Raju and others are already into real estate. MuraliMohan is a very old player in this market. Some allege that he has a benami to Chandrababu the CM of AP.
Most Tollywood celebrities are investing their money in land, houses or other businesses once they turn successful and make good money.
In fact, buzz is that director S.S. Rajamouli is planning to buy land in Visakhapatnam, he was invited by AP CM to work for the designing part of Amaravathi. Raghavendra Rao the veteran in the cine field is also looking at investing at Amaravathi and starting some entertainment business there as he is very close to Chandrababu.
Suresh Productions is already having a studio at Visakhapatnam and Ramananaidu has already invested there long ago. while Mahesh Babu is investing in the multiplex business. It looks like small actors also want to invest in real estate for the future.Actor Nani recently bought a new villa after his streak of successful films. He spent nearly Rs 5 crore on the villa that is located near Gachibowli.
The young actor was recently blessed with a son and he decided to move to a new, posh flat. Another actor who is moving to a new house is actor Raj Tarun who bought a new home after signing a three film deal with AK Entertainments. Of course, the success of his recent film Andhhagadu has come as icing on the cake. The villa costs around Rs 2 crore.
Post the success of Pelli Choopulu, Vijay Devarakonda too, bought a new house in Banjara Hills, into which he is likely to move in soon. So most of the stars first want to get a house, so that they can be secure and then go for the development in career.
It is reported that Samantha and Chaitu are also planning to move into a new villa after getting married in Goa. Nagarjuna also has some interest in the real estate even since his fathers days.