Bellamkonda Sells Properties, Shifts to Apartment
Star film maker Bellamkonda Suresh is facing tough time. The films Alludu Seenu starring his son Srinivas and Rabasa starring NTR, produced by him scored back to back flops at box office. When banks recently seized his office as he did not repay debt, Bellamkonda Suresh sold his house and other properties to repay it. He is now staying at Park Hyatt service apartments along with his wife and children. Bellamkonda who started his career as a production manager slowly grew as a producer. He produced films starring top heroes in tollywood. But as luck did not favour him in recent past, his situation has blacked out.
Talk in Film nagar is that Bellamkonda is himself responsible for his position now. With the love he has for son Bellamkonda Sai Srinivas, he invested as much as Rs.45 crores on his debut film, which is a huge mistake. The debut films of star heroes like Mahesh Babu, Prabhas, Allu Arjun, Ram Charan, Rana etc were of low budget or medium range inspite of the huge stardom and fan base they got in the background. While tollywood biggies themselves chose medium and low budget to introduce their heirs, Bellamkonda spending 45 crores on his son ‘s debut was meaningless, say some. He incurred severe losses with Alludu Seenu film and in order to repay debt, he now sold all properties and is temporarily residing in an apartment.