Borrowing money isn’t wrong, and being unable to repay it isn’t necessarily worse. In the film industry, ups and downs are common.
There is buzz in Tollywood that a house belonging to a senior hero may soon be up for bank auction.
Reports suggest that the loan taken by the celebrity, with the house as collateral, has turned into a bad debt. As a result, Tollywood insiders claim that bank officials are making moves to auction off the property.
Why is this discussion gaining traction? Buying a house in Film Nagar is no easy feat.
The land rates in this area are sky-high, and purchasing a house anywhere in this region is already challenging. That’s why many affluent people are eagerly waiting for properties like these to come up for bank auction.
However, the assets of big names don’t go under the hammer that easily. They may even be listed in paper advertisements, but at the last moment, something happens—either a workaround is found or a settlement is made.
Let’s see how this situation unfolds with this prominent property.
