In a move to quell mounting anxieties and refute persistent accusations, Chitrapuri Colony President Vallabhaneni Anil Kumar held a press conference today, directly confronting what he described as "baseless" claims of financial irregularities exceeding Rs 3,000 crore within the sprawling residential complex. With 4,713 families calling it home and an estimated value between Rs 700 to Rs 850 crore, the colony's administration has been under intense scrutiny, prompting Kumar to set the record straight.
“Every six months, we hold a meeting where all members come together like a family to discuss problems and solutions,” Anil Kumar said. He then criticized recent public protests and statements made by individuals, many allegedly non-members, at locations such as the Telangana Film Chamber of Commerce and Gandhi Bhavan. "They are falsely claiming large-scale irregularities and corruption running into thousands of crores, creating unnecessary fear among residents," he asserted. Challenging his accusers directly, he added, "Those claiming to have proof of corruption were invited to this open press meet to present it publicly, but none turned up."
A significant portion of the press conference focused on the colony's strategic initiatives aimed at bolstering its financial health and providing modern living spaces.
Kumar proudly announced the upcoming Sapphire Suites project, a towering 51-floor residential complex slated to commence construction in the auspicious Shravanam month. He assured residents that all necessary permissions are in place, and the project promises amenities comparable to premium gated communities, signaling a significant upgrade for the colony.
The President underscored the critical role of the Sapphire Suites in the colony's financial future. He stated that successful completion of the project within 48 months is projected to clear nearly Rs 170 crore in outstanding debts, crucially "without passing the burden onto residents." He also clarified that pricing for new housing units has been meticulously finalized through internal meetings, with the colony’s existing debts in mind.
To dispel rumors of irregular new memberships, Kumar unequivocally stated, "No registrations have been carried out post-2023." He further assured that if any of the 336 new names on record are found to be non-film workers, the current committee would ensure their immediate removal.
Kumar acknowledged past support from notable figures like Chadalavada Srinivas during financial crises, who helped prevent property auctions. He also stated the colony's readiness to adhere to recommendations from any government-appointed committee regarding allotments to genuine film workers.
To bring clarity to membership security, Kumar outlined the only two grounds for membership revocation: Failure to pay dues on time, and proven non-affiliation with the film industry.
