According to grapevine, actor-Jana Sena chief Pawan Kalyan said to have bought a land in Vizag's posh, busy area. Pawan apparently doled out a hefty sum to own the property in the port city. And it's learnt that it's just residential land and not a commercial property.
Amid widespread speculations that Telugu Film Industry has plans to shift its base to Vizag or Tada, and already several bigwigs from film fraternity, including from Telangana, bought lands in and around Vizag, Pawan Kalyan buying land is setting tongues wagging in T-town. However, we hear that it's more like an investment keeping future in mind and the actor-politician said to have no immediate plans to shift his base.
Meanwhile, real-estate sector in Vizag is booming especially post Hudhud cyclone. Already AP government, Centre have declared their joint plans to develop city into a smart city with a three-overhead corridor Metro Rail Project, many are vying up to set up their investments in Vizag. Adding to this, the rates in Vijayawada and Guntur have reached heights which compelling many to look towards Vizag which is expected to be future destination of IT industry.