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Balakrishna to Leave 40-Year-Old Home for New Rs. 100 Crore Mansion
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News18•13-10-2026, 10:07
Balakrishna to Leave 40-Year-Old Home for New Rs. 100 Crore Mansion
- •Telugu superstar Balakrishna is set to leave his iconic residence at Banjara Hills where he lived for nearly 40 years.
- •Balakrishna handed over 862 square feet of his own land to the government for road widening works in Hyderabad.
- •He is building a luxurious new home equipped with a theatre and a gym in Jubilee Hills, worth over Rs. 100 crores.
- •The construction of the new residence is being designed and supervised by Balakrishna's wife, Vasundhara Devi.
- •The actor is moving to the upscale Jubilee Hills area, joining many celebrities and political figures like Chiranjeevi.
Key Questions Answered
Balakrishna is leaving his iconic Banjara Hills home because the Telangana government initiated a road widening project to alleviate traffic congestion in Hyderabad, prompting him to hand over 862 square feet of his property for the public initiative.
Balakrishna is constructing a luxurious new residence equipped with amenities like a gym and a private preview theatre in Jubilee Hills, Hyderabad. The property, originally purchased for about Rs. 15 crores in 2021, is currently estimated to be worth over Rs. 100 crores.
Instead of taking cash compensation for the 862.77 square feet of land surrendered from his residential premises for the GHMC road widening project, Balakrishna agreed to take Transferable Development Rights (TDR) certificates.
