Over the last few days, there has been widespread speculation that the YS Jagan-led Andhra Pradesh Government has approached producer Suresh Babu to return a major portion of the land allotted to him for his Ramanaidu Studios in Vishakhapatnam.
The Government has reportedly been planning to make Vizag the Executive Capital of the State, and authorities feel various Government buildings can be accommodated on the studio land. The buzz is that Suresh Babu has been told that he will be allotted land elsewhere, as compensation.
Ramanaidu Studios stands on around 35 acres of land near Timmapuram on the way to Bheemunipatnam. The land was allotted by the government in 2002. The Studio was completed by around 2008. Since then, there has been an unprecedented surge in property prices around the beach road from Vizag to Bheemili.
When we reached out to the producer on the subject, he only said, “It’s all work in progress and I cannot comment further at this point of time.”
When pressed to comment on the rumour that he will be offered other land in exchange, the producer said, “Ramanaidu will be there in Vizag, that’s all I can say.” Interesting times!