Nagarjuna Another Property Seized
King Nagarjuna is not only a top hero in Telugu film Industry and a grate business man In India,He have so many properties and so many businesses All over India.Nagarjuna invested the money in so many business like Real Estate,Movie Production house,Function Halls (N Convention),Movie shooting Studios and Many more Business.
After the state separation the newly formed Telangana government is not sparing any violations, especially with regards to land encroachments in and around the city of Hyderabad. Nagarjuna recently faced the gurukul trust lands near hitech city case because of N-Convention.
Nagarjuna has recently settled an encroachment issue of his N Convention center and now latest reports reveal that Nag’s Annapurna 7acres has been seized by the bank authorities. As per sources, the Akkineni family owes about Rs 32.3 crores to Andhra bank and Rs 29.7 crores to Indian bank and in spite of repeated reminders, they have failed to repay the loan.
Annapurna Studio is one of the best shooting spot for movies after ramoji film city,But now that Annapurna Studio is facing too many problems from bankers side and Telangana government side,Anyway let us wait and see How Business mind nagarjuna solve this problem with his talent.