The recession is now coming to an end and the markets are slowly recovering so one field to be checked in Hyderabad is the real estate. Keeping that in view, it is heard that Nagarjuna seems to be keen on buying on some property but this one has got a history.
Apparently, there is a 7 acre land in Jubilee Hills near Annapoorna studios and the owners of this bit are in the UK. They have their relatives in Chennai. Out of this, about 5 acres of the land is encroached by the notorious real estate don Srisailam Yadav and he is said to be demanding an exorbitant sum.
Meanwhile, Nag is said to be keen on taking those 2 acres as this would benefit him in a big way when it came to the parking space of his studio. It is heard that the owners want to settle it with Nag as well as Srisailam Yadav and so some proper parties are currently being scouted to resolve it.
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