According to highly-placed sources, comedian-TV host Ali has bought 100 Acres of land in Shadnagar of Hyderabad. Although Shadnagar comes under Mahabubnagar district, recently it has seen humongous development and still there's a lot of scope. Amid reports that KCR is planning for industrialization across other districts of Telangana, Ali seems to have chosen Shadnagar.
As we dig more into it, we got to know that the each acre costed him a whopping Rs 40 Lakh. It means Ali doled out Rs 40 Crore for the total land. Ali is not just one who is investing in lands of late several film personalities are either investing in AP or Telangana considering that this is the best time for investment.
On other hand, a noted writer's son also bought 50 acres of land in the city close to Ali's land. Recently, Ali's friend-actor Pawan Kalyan too bought land in Vizag in a posh area. Looks like, film personalities these days are more keen on real estate market.