For most actors making decent earnings, real estate is the biggest lure. It, in fact, is their favoured investment destination. Many heroes or celebrities buy real estate swathes just outside Hyderabad and build palatial farm houses. Some buy lands, make plots and sell it off for higher prices.
A Tollywood star hero is the latest to buy around 50 acres if land outside Hyderabad. He wants to build a studio, develop the area and take up several constructions. He has already appointed some local youths as the security guards for the land, which has already been demarcated and fenced.
Interestingly, a local politician also has bought huge chunk of land by his side. Both the actor and the politico have paid more than the market price to buy the lands. It is being rumoured that there would be some new projects in the area and they want to have the first mover advantage.
Sources say want to sell of the land or develop it and earn huge profits. We are told even Rangasthalam director Sukumar has bought huge chunk of land on Hyderabad’s outskirts from the profits he made from the film.