Superstar Mahesh Babu is a name to reckon with in Tollywood and whatever he does, his millions of fans follow.
investing in real estate is a lucrative deal to double the fortunes in very short time and Tollywood celebs are no exception in this case. Many Film stars have lands in and around Hyderabad and several other areas in the two Telugu states. Mahesh Babu has now joined this list of actors to invest in real estate.
Latest buzz in Tinsel town is that Mahesh babu has bought 3 acres of land near the Ocean Park area in Gandipet on the outskirts of Hyderabad city. While the reasons behind the Investment by Mahesh are unknown, the actor has shelled out huge amount to the tunes of several crores for this deal.
Soon after the news of Mahesh buying the land in Gandipet broke out, a sudden hike in the land value in the surrounding areas of Gandipet was observed, making the land owners very happy. They credit this real estate boom to Mahesh.
There have been discussions that Mahesh is planning to build a multiplex there.