He purchased a Plot near Peddamma Thalli Temple. This Plot is diagonally opposite to Hero Prabhas's house.
Unconfirmed reports say that the deal was closed for over 50 Crore Rupees.
The Registration of this land was completed recently.
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The Construction of a huge house will begin soon on this site.
Sources say that it will be a very lavish construction and will cost a bomb.
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TG Vishwa Prasad's People Media Factory is one of the busiest production houses in the Telugu Cinema. They are already nearing 50 films.
Two projects from their Production House - Mirai and RajaSaab are releasing soon. The teasers of both the films are out and have released good response from the trade and the audience.
Mirai is releasing on September 5th while Rajasaab is locked for December 5th.