No Criminal Cases, Assets Worth ₹70 Crore: Nagababu’s Election Affidavit

Nagendra Babu, popularly known as Nagababu, who is contesting the Andhra Pradesh MLC elections as an alliance candidate, has disclosed details of his assets and liabilities in his nomination affidavit. He stated that he has no criminal cases against him.

According to the affidavit submitted to the Election Commission, Nagababu has investments worth ₹55.37 crore in mutual funds and bonds. He holds ₹21.81 lakh in cash and ₹23.53 lakh in bank deposits. Additionally, he has extended loans amounting to ₹1.03 crore to others.

The affidavit lists his vehicles, which include a Mercedes-Benz worth ₹67.28 lakh and a Hyundai car valued at ₹11.04 lakh. He possesses 226 grams of gold valued at ₹18.10 lakh, while his wife holds 724 grams of gold worth ₹57.9 lakh, 20 kg of silver valued at ₹21.40 lakh, and 55 carats of diamonds worth ₹16.50 lakh. The total value of their movable assets is reported to be ₹59.12 crore.

Regarding immovable assets, Nagababu owns 2.39 acres of land in different locations in Ranga Reddy district, valued at ₹3.55 crore. Additionally, he has 3.28 acres in Narsapur, Medak district, worth ₹32.80 lakh, and another five-acre property in the same region valued at ₹50 lakh. He also possesses 1.07 acres in Tekulapalli, Ranga Reddy district, valued at ₹53.50 lakh. Furthermore, he owns a 460-square-foot residential villa in Manikonda, Hyderabad, valued at ₹2.88 crore. The total value of his immovable assets amounts to ₹11.20 crore.

In terms of liabilities, Nagababu has a housing loan of ₹56.97 lakh across two banks and a car loan of ₹7.54 lakh. He also owes ₹1.64 crore to private individuals. His affidavit states that he borrowed ₹28.48 lakh from his elder brother Chiranjeevi and ₹6.9 lakh from his younger brother Pawan Kalyan.