Nagababu has filed his nomination as an MLC candidate from the alliance, representing the Jana Sena Party. In the affidavit submitted to the Election Commission, he declared assets worth ₹70.32 crore and liabilities amounting to ₹1.64 crore. He also confirmed that there are no criminal cases against him.
Declared Assets:
Movable Assets – ₹59.12 Crore
– Mutual funds and bonds: ₹55.37 crore
– Cash in hand: ₹21.81 lakh
– Bank deposits: ₹23.53 lakh
– Loans given to others: ₹1.03 crore
– Vehicles:
– Benz car: ₹67.28 lakh
– Hyundai car: ₹11.04 lakh
– Gold and precious metals:
– 226 grams of gold worth ₹18.10 lakh
– 55-carat diamonds worth ₹16.50 lakh (owned by him and his wife)
– 724 grams of gold worth ₹57.99 lakh
– 20 kg of silver worth ₹21.40 lakh
Immovable Assets – ₹11.20 Crore
– Land holdings:
– 2.39 acres in Ranga Reddy district – ₹3.55 crore
– 3.28 acres in Narsapur, Medak district – ₹32.80 lakh
– 5 acres in Narsapur – ₹50 lakh
– 1.07 acres in Tekulapally, Ranga Reddy district – ₹53.50 lakh
– Residential property:
– 460 sq. ft. villa in Manikonda, Hyderabad – ₹2.88 crore
Liabilities – ₹1.64 Crore
– Home loans from two banks: ₹56.97 lakh
– Car loan: ₹7.54 lakh
– Loans from individuals and institutions: ₹1.64 crore
– Borrowings from family:
– ₹28.48 lakh from elder brother Chiranjeevi
– ₹6.90 lakh from younger brother Pawan Kalyan
His nomination marks his formal entry into the MLC race, with his financial disclosures now on record with the Election Commission.
