After years of contentment in his real estate business, MVV Satyanarayana decided to enter politics and was subsequently elected as an mp from Visakhapatnam. He came to the understanding after three years of employment. He realised that conducting business is far more tranquil than engaging in politics. His relationship with business and politics is strained. He ultimately made the decision to complete all of the open projects and discontinue conducting business in Vizag.

According to the sources, he is in the process of moving all of his enterprises to Hyderabad. In the areas of bachupally and Madhapur, he is undertaking real estate developments. The son-in-law of Vijaysai reddy, who travelled all the way to vizag and purchased properties to do real estate business, and MVV had competing business interests. Also implicated and targeted in this matter was Vijaysai Reddy. According to sources, cm Jagan mohan reddy directed MVV and Vijaysai reddy to resolve any disagreements. It is unlikely that MVV would run from vizag once more.

During his news conference on Tuesday, vijayasai reddy made a surprising mention to Satyanarayana's home development in Kurmannapalem. According to this "unheard-of land development deal," the landowner will receive 1% of the shares while the builder will receive 99% of them, he claimed.
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G GOWTHAM

27/10/2022 01:30 AM