Ramanaidu Studios to turn into gated community
Published on Feb 18,2020 03:47 PM
Daggubati’s Ramanaidu Studios at Nanakram Guda is one of the landmarks of Hyderabad. The studio is located on the outskirts of the city. Now according to the latest update, the producer Suresh Babu, the owner of Rama Naidu Studios, is planning to shut it down. According to a source, Suresh Babu is concentrating on Vizag as it has been named the new capital city of Andhra Pradesh. The sources close to Suresh Babu revealed that the producer wants to convert his studio into a gated housing colony. He is is planning to expand his other studio located in Vizag.
It has come out that Suresh Babu has entered into an agreement to develop the land into a gated community since there are several gated communities and residential complexes surrounding the studios. Ramanaidu Studios’ net worth is values Rs 400 Cr and it generated Rs 2 Cr revenue per year.
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