Local people, awestruck by the sprawling building coming up in a 90,000-sq-ft area have started calling it Lotus Mahal due to itslocation and splendour.
Mr Jagan who runs four infrastructure firms named Marvel, Harish, Utopia and Capston, has termed it a “company guest house”. But he and his four-member family will be staying in ‘Raj Mahal’ — another luxurious house which is in Bengaluru.
Sources say that Lotus Mahal has nearly 30 bedrooms apart from an office complex. It also has five high-speed elevators, badminton and squash courts, home theatres — big and small, waiting halls, drawing and dining halls beside a sprawling lawn.
The building is coming up in the land owned by Mr Jagan’s four companies that purchased six plots from private individuals who had got them from the then Hyderabad Urban Development Authority (now HMDA). The six plots come to 5,807 square yards which is more than an acre.
The land was purchased for Rs 24 crore and the cost of construction is estimated to be around Rs 55 crore. Already, Rs 35 crore has been spent on the house.
Mr Jagan and his wife, Ms Bharati Reddy, and their two children, Harshini and Varshini, will be staying in the house. His mother and Pulivendula MLA, Ms Vijayalakshmi, will shuttle between Bengaluru, Pulivendula and Hyderabad.
The Kadapa MP’s sister, Ms Sharmila Reddy, is also all set to take up construction of a residence shortly in the 1,800-sq yard plot which is by the side of his Lotus Mahal.
“Though it will have an office complex, it will not be used for YSR Congress programmes,” said a friend of Mr Jagan. “For that, Jagan has rented out a building on Road No. 45 in Jubilee Hills area.
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