Naga Babu owns Rs 70 Cr properties

Actor Nagababu successfully finalized the nomination procedure and submitted the requisite documents to the Election Commission, outlining his assets, labilities, and outstanding cases.

Nagababu has no criminal charges filed against him.

The MLC nomination document indicates that Nagababu possesses investments totaling ₹55.37 crore in mutual funds and bonds. He possesses ₹21.81 lakh in cash and ₹23.53 lakh in bank savings.
Furthermore, he has disbursed loans amounting to ₹1.03 crore to various individuals.

Vehicles and gold

His affidavit enumerates his luxury vehicles, comprising a Mercedes-Benz appraised at ₹67.28 lakh and a Hyundai automobile valued at ₹11.04 lakh. He has 226 grams of gold valued at ₹18.10 lakh, whilst his wife holds 724 grams of gold at ₹57.9 lakh, 20 kg of silver valued at ₹21.40 lakh, and 55 carats of diamonds appraised at ₹16.50 lakh. The aggregate worth of their movable assets amounts to ₹59.12 crore.

Lands

Nagababu owns 2.39 acres of land across various places in Ranga Reddy district, appraised at ₹3.55 crore. Furthermore, he has 3.28 acres in Narsapur, Medak district, appraised at ₹32.80 lakh, along with an additional five-acre parcel in the same area valued at ₹50 lakh. He possesses 1.07 acres in Tekulapalli, Ranga Reddy district, appraised at ₹53.50 lakh, in addition to a 460-square-foot private villa in Manikonda, Hyderabad, valued at ₹2.88 crore.

The aggregate value of his real estate assets totals ₹11.20 crore.

Loans

Nagababu possesses a house loan of ₹56.97 lakh from two banks and a car loan of ₹7.54 lakh. He additionally owes ₹1.64 crore to private entities.

Furthermore, he has obtained a loan of ₹28.48 lakh from his elder brother Chiranjeevi and ₹6.9 lakh from his younger brother Pawan Kalyan.

Nagababu’s financial declarations have ignited much discourse within political and cinematic spheres, prompting scrutiny of his substantial holdings and liabilities. Contrary to rumors, he is indeed rich.