It looks like director VV Vinayak has made a lot of real estate investment in and around Hyderabad when his career was in top gear. And all those investments are now being turned into money-returning fruits if reports are to be believed.
While the buildings being constructed by Vinayak in Vattinagulapalli area are demolished by GHMC as they don’t have approvals beyond two-storeys, the director has shifted focus to his other sites it seems. Buzz has that the director owns almost 30-acres farmland in Moinabad which he turned into a plain ground recently. And here is the update about it now.
With the backing of a cash-rich YSR Congress leader who finances films for a long time, Vinayak is said to be contemplating to build a film studio there. Like how Megastar Chiru is using his Kokapet land to build film sets for his own films, now Vinayak wants to give the land for similar purposes, says a source.
As Ramoji Film City is turning to be quite expensive for Hyderabad locals to go and build film sets, filmmakers are trying to find alternative spaces and Vinayak wants to cash on that opportunity it seems like. Some sources however beg to differ as they say that Vinayak is building a resort but not the film studio. Let’s see.
