Natasimha Balakrishna is currently busy with his upcoming entertainer under the direction of KS Ravikumar. In the meantime, rumors are rife that Balakrishna and his relatives acquired a whopping Rs 500 acres in AP capital city Amaravathi.
This is creating shock waves in AP political circles. The news which came out late say Balakrishna along with other TDP leaders acquired the lands even before the notification about Amaravathi as AP capital came.
Film circles are discussing why Balakrishna acquired such a vast land in Amaravathi. Sources say Balakrishna in future is planning to come with a film studio. It is known that Balakrishna recently started film production with his own banner NBK Films. He is set to launch his son Mokshagna in his own banner and feels it is better to have his own studio in Amaravathi.
Sources say in future, Film Industry will expand in Amaravathi and Visakhapatnam and Balakrishna with an eye on future acquired 500 acres.