YS Jagan Mohan Reddy, the former Chief Minister of Andhra Pradesh and president of the YSR Congress Party, has made headlines not just for his political career but also for his impressive real estate portfolio. From the controversial Rs 500-crore Rushikonda Palace overlooking the Bay of Bengal to his sprawling estates in Bangalore and Hyderabad, Jagan Mohan Reddy House reflect both his political ambitions and business acumen.
The son of late Chief Minister YS Rajasekhara Reddy, Jagan has transformed from a businessman to one of India’s most influential regional politicians. His homes tell a story of rapid wealth accumulation, political power, and architectural grandeur that has sparked both admiration and controversy across the Telugu states.
YS Jagan Mohan Reddy Properties – Quick Stats
| Property | Location | Area | Estimated Value | Key Features | Status |
|---|---|---|---|---|---|
| Rushikonda Palace | Visakhapatnam, AP | 10 acres (61 acres total project) | ₹500-700 crore | 7 blocks, 200 chandeliers, 12 bedrooms, 14 escalators, 10 elevators, mini-theater, ₹40 lakh bathtubs | Government property, unused, under investigation |
| Tadepalli Residence | Guntur district, AP | Not specified | Not disclosed | Former CM camp office, traditional-modern design | Converting to YSRCP party headquarters |
| Lotus Pond Palace | Banjara Hills, Hyderabad | 5,807 sq yards (90,000 sq ft built-up) | ₹80+ crore | 30 bedrooms, 5 elevators, 14 escalators, sports courts, 60 rooms total | Under demolition threat (HYDRAA notices) |
| Yelahanka Palace | Bangalore | 23 acres | ₹100-200 crore | Private helipad, heavily guarded | Current primary residence, not declared in affidavits |
YS Jagan Mohan Reddy: A Brief Background
Born on December 21, 1972, in Kadapa district, Andhra Pradesh, Yeduguri Sandinti Jagan Mohan Reddy studied at Hyderabad Public School before earning a Bachelor of Commerce degree from Pragathi Mahavidyalaya. He married Bharathi Reddy in 1996, and the couple has two daughters.
Before entering politics in 2009, Jagan was a successful businessman who founded Sandur Power Company Limited and later expanded into cement manufacturing, media (Sakshi newspaper and TV channel), and infrastructure. His political journey began after his father’s tragic death in a helicopter crash in 2009, leading him to eventually form the YSR Congress Party in 2011.
Jagan served as the 17th Chief Minister of Andhra Pradesh from 2019 to 2024, winning a landslide victory with 151 of 175 assembly seats before losing power in the 2024 elections to the TDP-led alliance.
YS Jagan Mohan Reddy Net Worth: India’s Richest MLA
According to his 2024 election affidavit, YS Jagan Mohan Reddy’s personal assets are valued at approximately Rs 529.87 crore, marking a significant increase from Rs 375 crore in 2019. This represents a 41% growth in just five years.
His wife, YS Bharathi Reddy, owns assets worth Rs 176.30 crore, bringing the combined family wealth to over Rs 700 crore. This includes:
Movable Assets:
- Jagan’s movable assets: Rs 483.08 crore
- Bharathi’s movable assets: Rs 119.38 crore (including Rs 5 crore worth of jewelry)
- Investments in companies like Sandur Power Company, Bharathi Cements, and Classic Realty
Immovable Assets:
- Jagan’s commercial and agricultural properties: Rs 46.78 crore
- Bharathi’s immovable assets: Rs 56.92 crore
- Combined total: Rs 103.71 crore
The Association for Democratic Reforms (ADR) previously identified Jagan as India’s richest Chief Minister when he held office, with his wealth far exceeding most other state leaders. His two daughters also own movable assets of Rs 11 crore each.
This remarkable wealth accumulation has been a subject of investigation, with Jagan facing 26 criminal cases including allegations from the Central Bureau of Investigation (CBI) regarding disproportionate assets and money laundering charges filed in 2012.
The Rushikonda Palace: Jagan Mohan Reddy’s Most Controversial Property
Location and Scale
Perhaps the most talked-about property in Jagan’s portfolio is the magnificent Rushikonda Palace, perched atop the scenic Rushikonda Hill in Visakhapatnam. This sea-facing estate spans an impressive 10 acres (with the entire project covering 61 acres) and offers breathtaking views of the Bay of Bengal.
Built in one of Visakhapatnam’s most picturesque coastal locations, the palace was constructed as part of Jagan’s vision to make Vizag the executive capital of Andhra Pradesh under his controversial three-capital plan.
Jagan Mohan Reddy House Price: The Rs 500 Crore Controversy
The Rushikonda Palace stands as one of the most expensive government-related constructions in recent Indian history. According to official government documents, the total cost breakdown includes:
- Construction cost: Rs 431-451.67 crore (official figures)
- Infrastructure (roads, drainage, water supply): Estimated additional Rs 50-70 crore
- Power substation (100 KV): Included in infrastructure costs
- Total estimated cost: Rs 500-700 crore (varying reports)
The Telugu Desam Party (TDP) has alleged that the actual expenditure may have exceeded Rs 600 crore when all ancillary costs are considered. The construction involved carving out nearly half of the scenic Rushikonda Hill, raising serious environmental concerns.
Architectural Grandeur and Luxury Features
The Rushikonda Palace comprises seven blocks named after historic regional kingdoms:
Main Blocks:
- Vijayanagara Blocks A, B, and C – Intended as the Chief Minister’s personal residence featuring:
- Presidential suites
- Villa suites
- Private spa facilities
- State-of-the-art fitness center
- Grand banquet halls
- Vengi Block A – Security headquarters with:
- Back office facilities
- Suite rooms
- Executive restaurant
- Vengi Block B – Business hotel section with:
- Multiple guest rooms
- Conference halls
- Dining facilities
- Kalinga Block – Reception and event space featuring:
- Reception and waiting areas
- Luxury suite rooms
- Conference halls
- Banquet facilities
Jaw-Dropping Interior Features:
- 200 chandeliers illuminating the palace (costing Rs 2 lakh each)
- Italian marble flooring throughout the complex
- Gold-embellished interiors and decorative elements
- Bathtubs costing Rs 40 lakh each
- Commodes priced at Rs 10-12 lakh each
- 1 lakh rupee 4-ton castle air conditioning units
- Plush designer furniture imported from international suppliers
- 14 escalators and 10 high-speed elevators
- 200-seat capacity mini-theater
- Multiple libraries stocked with books
- Squash courts for recreation
- Modern gym facilities
- Interior decoration cost: Rs 33 crore (Rs 120 crore contract reportedly given to a relative)
- Landscaping cost: Rs 50 crore for the 9-acre property
The total built-up area covers approximately 1,41,433 square meters with 12 bedrooms designed for luxury living. Bathrooms in the palace are reportedly the size of single-bedroom apartments.
Environmental and Legal Controversies
The construction of Rushikonda Palace has been mired in controversy from its inception:
Coastal Regulation Zone (CRZ) Violations: The property falls under CRZ-II area, requiring special clearances from the Ministry of Environment and Forests (MoEF). While clearances were obtained in May 2021 for a “tourism project,” critics allege the structure was always intended as a personal residence for the Chief Minister, circumventing legal guidelines.
Environmental Impact: Nearly half of the scenic Rushikonda Hill was excavated for construction, destroying green cover and disrupting the area’s ecology. Environmental activists and local communities raised concerns about the irreversible damage to this coastal treasure.
Tourism Project Deception: Originally sanctioned as a luxury tourism resort, the AP Tourism Development Corporation (APTDC) spearheaded the project. However, the TDP government has accused Jagan of planning to use it as his personal office-cum-residence had he won the 2024 elections.
Current Status: After Jagan’s defeat in the 2024 elections, the palace stands unused and inaccessible to the public. The current Chandrababu Naidu-led government is investigating alleged misuse of public funds and environmental violations. Chief Minister Naidu has expressed intentions to repurpose the building for public use, though its expensive furnishings and unsuitable design for tourism make this challenging.
The opposition YSRCP maintains that the buildings belong to the state government and were constructed for official purposes, including hosting dignitaries like the President and Prime Minister.
CM Jagan Mohan Reddy House in Tadepalli: The Camp Office Residence
Location and Political Significance
Located in Tadepalli, Guntur district, near the capital region of Amaravati, this property served as YS Jagan Mohan Reddy’s official residence and camp office during his tenure as Chief Minister from 2019 to 2024.
The Tadepalli residence holds strategic importance, positioned close to the proposed capital city of Amaravati, which Jagan controversially attempted to replace with his three-capital formula (Amaravati as legislative capital, Visakhapatnam as executive capital, and Kurnool as judicial capital).
Architectural Features
The Tadepalli house reflects a blend of traditional Andhra architectural elements with modern design:
- Design philosophy: Combination of traditional and contemporary styles
- Landscape: Surrounded by lush gardens providing a serene environment
- Facilities: Equipped for official engagements, public receptions, and political decision-making
- Security: Heavy security arrangements with barricades (later removed by the TDP government)
Recent Developments
Following Jagan’s electoral defeat in June 2024, the YSR Congress Party announced plans to convert the Tadepalli residence into the party’s central headquarters. In October 2024, the party formally requested the state government to facilitate the clearance and return of furniture from the premises.
Interestingly, reports from late 2024 suggest that Vastu (traditional Hindu system of architecture) modifications have been undertaken at the residence. Large cranes were spotted relocating metal security cladding, possibly in response to the party’s historic electoral loss. This isn’t the first time Vastu changes have been made to this property; similar modifications occurred just 10 days after the 2024 election polls.
Jagan’s Lotus Pond Residence: The Hyderabad Palace
Location and Ownership Structure
In the upscale Banjara Hills area of Hyderabad, at HUDA Heights near Lotus Pond, stands what locals have dubbed “Lotus Mahal” – YS Jagan Mohan Reddy’s sprawling Hyderabad residence. This property has earned the distinction of being called “the biggest house in the city.”
Property Details
Land and Acquisition: The mansion is built on six plots (numbers 2, 3, 4, 6, 7, and 8) in HUDA Heights, totaling 5,807 square yards (more than an acre). According to current Banjara Hills property rates, the land alone is valued at approximately Rs 30.46 crore.
Interestingly, ownership records show that these plots were purchased through four front companies associated with Jagan:
- Marvel Infrastructure
- Harish Infrastructure
- Utopia Infrastructure
- Capstone Infrastructure
The land was purchased for Rs 24 crore, with construction costs estimated at Rs 55 crore (Rs 35 crore already spent as of 2011 reports). The total property value is estimated at over Rs 80 crore.
Architectural Splendor
Building Specifications:
- Total area: 90,000 square feet of built-up space
- Bedrooms: Nearly 30 bedrooms plus office complex
- Vertical transport: 5 high-speed elevators and 14 escalators
- Recreation: Badminton and squash courts, home theaters (both large and small)
- Entertainment spaces: Multiple waiting halls, drawing rooms, dining halls
- Outdoor area: Sprawling lawn for events
- Special features: Marble flooring, approximately 60 rooms, bathrooms the size of single bedroom flats
The residence also includes a sophisticated office complex, though it is not used for YSR Congress Party programs. For party activities, Jagan has rented a separate building on Road No. 45 in Jubilee Hills.
Family Living Arrangements
The Lotus Pond residence houses Jagan, his wife Bharathi Reddy, and their two daughters, Harshini and Varsha Reddy. His mother, Vijayalakshmi (Pulivendula MLA), shuttles between this residence, Bangalore, and Pulivendula. Jagan’s sister, Sharmila Reddy, owns an adjacent 1,800-square-yard plot where she planned her own residence.
Legal Troubles and Demolitions
The Lotus Pond property has faced several legal challenges:
June 2024 Demolitions: Shortly after Jagan’s defeat in the Andhra Pradesh elections, the Greater Hyderabad Municipal Corporation (GHMC) demolished illegal structures on the pavement adjacent to his residence. Four security sheds used by Jagan’s security personnel and I-PAC (political consultancy firm) officials were razed following complaints about traffic congestion and road encroachment.
This action sparked political controversy, with allegations that Telangana Chief Minister Revanth Reddy was pressured to take action. However, Revanth reportedly learned about the demolitions only after watching news coverage and subsequently transferred the zonal commissioner responsible.
August 2024 HYDRAA Notices: In an even more serious development, HYDRAA (Hyderabad Disaster Response and Assets Protection Agency) served demolition notices to the entire Lotus Pond Palace, citing that the property was built in the Lotus Pond water body encroachment area. This notice served as a legal reminder that constructions in encroachment areas must be taken down immediately or face forcible demolition.
GHMC officials claimed they had informed Jagan’s representatives six months earlier to remove structures to facilitate footpath work, but no action was taken until forced.
Yelahanka Palace: Jagan’s Bangalore Sanctuary
Location and Strategic Importance
Perhaps the most mysterious of Jagan’s properties is the palatial mansion in Yelahanka, a suburb of Bangalore near the international airport. Located in the Green Belt area of Yelahanka (specifically in the Dwaraka Nagar area), this property has remained largely out of public view for years.
Property Specifications
Land and Valuation:
- Plot size: A massive 23-acre estate (some reports suggest even larger)
- Land value alone: Estimated at Rs 70-100 crore
- Total property value: Over Rs 100-200 crore
- Special feature: Private helipad for quick access
The property was reportedly purchased from one S K Nair several years ago when the area was still under village panchayat jurisdiction.
Security and Privacy
The Yelahanka palace is “ferociously guarded by a retinue of security guards working round-the-clock,” making it one of the most secure private residences in Bangalore. Very few people have been allowed to get close to the property, let alone enter it. Years after its construction, the property remains shrouded in mystery and rarely photographed.
Family Connection
It’s reported that Jagan’s sister, Sharmila Reddy, and her evangelist husband have been residing at the Yelahanka estate, managing the property on behalf of the family.
Recent Usage Pattern
After Jagan’s crushing defeat in the 2024 Andhra Pradesh elections (where YSRCP was reduced from 151 seats to just 11), he has been spending considerable time at his Yelahanka Palace. Reports indicate he has visited the property at least four times since the election results, spending weeks at a time in Bangalore.
Between 2014 and 2019, when Chandrababu Naidu was Chief Minister, Jagan operated primarily from his Lotus Pond residence in Hyderabad, as it was safer under the then-friendly KCR government in Telangana. However, with Telangana now under Revanth Reddy’s Congress government (perceived as pro-TDP), and Andhra Pradesh under Naidu’s rule, Jagan appears to have made Bangalore his semi-permanent base.
Local residents near the Yelahanka property report that when YSR Rajasekhara Reddy was Chief Minister, he frequently visited this residence. Now, when Jagan arrives, it causes significant traffic jams in the area due to security arrangements. The nearby Air Force base means that fighter jet sounds are a regular occurrence, which some speculate serves as a depressing reminder of Jagan’s political downfall.
Controversy and Concealment
The TDP has alleged that this opulent dwelling was built from “slush money” that the Reddys (both YSR and Jagan) accumulated between 2004 and 2009. Significantly, Jagan did not declare this property in his election affidavits, leading to accusations of concealing assets worth hundreds of crores.
The Wealth Accumulation Timeline: A Rapid Rise
The speed of YS Jagan Mohan Reddy’s wealth accumulation has been a subject of intense scrutiny and investigation:
2004: When his father YSR became Chief Minister, Jagan had assets of only Rs 8.19 lakh
2009: By the end of YSR’s first term as CM, Jagan and his wife’s combined assets had skyrocketed to Rs 77.40 crore
2011: Just two years later, their declared wealth reached Rs 365-410 crore
2019: Election affidavit showed assets of Rs 375 crore
2024: Latest declaration reveals Rs 529.87 crore in personal assets (combined family wealth over Rs 700 crore)
This represents an approximately 100,000% increase in declared wealth over 20 years, during a period when his father held political power and subsequently when Jagan himself became Chief Minister.
Business Empire
Jagan’s wealth comes from various business interests:
- Sandur Power Company Limited (SPCL) – Founded in 2001, now a major power company
- Bharathi Cements – Major cement manufacturing operation
- Sakshi Media Group – Includes Telugu newspaper and TV channel
- Classic Realty Pvt Ltd – Real estate investments
- Various infrastructure companies – Used for property acquisitions
His wife, Bharathi Reddy, heads several of these companies and has made substantial investments in them.
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Public and Political Reactions: Jagan Mohan Reddy House
Opposition Criticism
The Telugu Desam Party (TDP) has been particularly vocal about Jagan’s properties:
TDP spokesperson Kommareddy Pattabhi Ram stated that citizens were shocked seeing the lavish interiors of Rushikonda Palace, noting the stark contrast between the palace’s bathrooms (which cost more than entire homes for BPL families) and the modest housing schemes Jagan’s government implemented.
Nara Lokesh, current Andhra Pradesh minister and TDP general secretary, has demanded thorough investigations into the spending, alleging gross misuse of public funds during Jagan’s tenure as Chief Minister.
Even Jagan’s own sister, YS Sharmila (now with the Congress party), has questioned the expenditure on these properties.
YSRCP Defense
The YSR Congress Party has maintained that:
- The Rushikonda buildings belong to the government, not to Jagan personally
- The structures were built for hosting dignitaries and official functions
- Projection of these as Jagan’s personal properties is “atrocious” and politically motivated
- The architecture represents beautiful development for Andhra Pradesh
YSRCP spokesperson Ravi Chandra Reddy emphasized that the buildings were constructed “in the true spirit to rule from Vizag” and should be used for government purposes when Presidents or Prime Ministers visit.
Media Coverage Disparity
Interestingly, while Delhi Chief Minister Arvind Kejriwal’s Rs 50-crore “Sheesh Mahal” received massive national media attention, Jagan’s Rs 500-crore (10 times more expensive) Rushikonda Palace received comparatively limited coverage in national media, raising questions about selective political coverage.
The Telugu media has also been criticized for not reporting actively on the Rushikonda construction while it was ongoing, failing to fulfill its watchdog role.
Architectural Style and Design Philosophy
While detailed architectural plans remain confidential, observers note several consistent themes across Jagan’s properties:
Design Elements:
- Blend of traditional South Indian temple architecture with ultra-modern amenities
- Emphasis on grandeur and scale
- Imported materials (Italian marble, designer fixtures)
- State-of-the-art technology integration
- Extensive security infrastructure
- Multiple entertainment and recreational facilities
Interior Design:
- Gold accents and embellishments
- Marble flooring throughout
- High ceilings with elaborate chandeliers
- Imported bathroom fixtures and fittings
- Custom-designed furniture
- Integration of smart home technologies
The properties reflect a style that some describe as “palatial” or “royal,” seemingly at odds with Jagan’s public image as a people’s leader championing welfare schemes for the poor.
Conclusion: Jagan Mohan Reddy House
YS Jagan Mohan Reddy’s real estate portfolio tells a compelling story of dramatic wealth accumulation in Indian politics. From a modest ₹8.19 lakh in assets in 2004 to over ₹700 crore in family wealth today, his journey reflects the complex intersection of business acumen, political power, and controversy. The crown jewel the ₹500-crore Rushikonda Palace now stands as a monument to both architectural grandeur and alleged governance excess.
While his supporters view these properties as symbols of legitimate business success, critics see them as evidence of the problematic wealth concentration among political dynasties. With multiple legal battles ongoing and properties under investigation, Jagan’s real estate empire remains under intense scrutiny. As he operates from his Bangalore sanctuary following electoral defeat, these palatial residences serve as lasting reminders of his tumultuous political journey and the ongoing debate about wealth, power, and accountability in Indian democracy.
? FAQs About Jagan Mohan Reddy House
Q1: How many houses does YS Jagan Mohan Reddy own?
A: Jagan owns at least four major properties Rushikonda Palace in Visakhapatnam, Tadepalli residence near Amaravati, Lotus Pond mansion in Hyderabad, and Yelahanka palace in Bangalore.
Q2: What is the most expensive property owned by Jagan?
A: The Rushikonda Palace in Visakhapatnam is the most expensive, costing approximately ₹500-700 crore, making it one of India’s costliest government-related constructions.
Q3: Is YS Jagan the richest politician in India?
A: He is India’s richest MLA and was the wealthiest Chief Minister during his tenure, with declared assets of ₹529.87 crore personally and over ₹700 crore in combined family wealth.
Q4: Why is the Rushikonda Palace controversial?
A: It’s controversial due to its massive ₹500-crore cost using public funds, alleged CRZ violations, environmental damage, and suspicions it was built as Jagan’s personal residence disguised as a tourism project.
