Archive · 13 Aug 2026
Wall Street to Amaravati: Penthouse Deal, Scam Probe, New Ventures
In a city called Hyderabad in India, people love to talk about the latest news in their town.
A man named Vamsi Atluru used to work with money on Wall Street in America.
He came back home to start a company called Aasthi that helps Indians living abroad invest their money in India.
A famous cricketer, Jonty Rhodes, joined his team.
In another story, someone bought a super expensive apartment for 62 crore rupees, which is a huge amount of money.
Grown-ups are also worried because some people on Instagram are using fancy pictures to trick others into giving money.
There is a happy story too: doctors who fix broken bones went on a big bicycle ride to stay healthy.
A famous movie director named Rajamouli is making a new film called Varanasi, and everyone is curious about it.
Hyderabad always has lots of exciting things to talk about!
Vamsi Atluru launched Aasthi to help NRIs invest in Indian real estate, startups and funds, with cricketer Jonty Rhodes joining as Director and Global Ambassador.
A 30,000 sq. ft. penthouse at Trump Towers Hyderabad, developed by Tribeca Developers with Ira Realty, was reportedly sold for Rs 62 crore, the city's most expensive apartment deal so far.
The Enforcement Directorate froze 182 bank accounts and seized Rs 1 crore in cash while probing an alleged Rs 2,000-crore chit fund scam linked to Malla Vijaya Prasad's WBEPL.
An alleged gang of 'rich kids' reportedly used Instagram reels and curated luxury lifestyles to befriend women and extort lakhs, rattling affluent families across the city.
Hollywood studios are reportedly not showing great interest in investing in Rajamouli's 'Varanasi', despite big spending on the film and its Western pre-release publicity.
- Who
- Local and global figures cited in the roundup: Vamsi Atluru, Jonty Rhodes, Chay Akkineni, Rajamouli, doctors from AIG Hospitals, and the Enforcement Directorate.
- What
- A 'Talk of the Town' society roundup covering Aasthi's launch for NRI investors, a record Rs 62-crore penthouse sale, a Rs 2,000-crore chit fund probe, Instagram extortion allegations, a doctors' cyclothon and Rajamouli's new film 'Varanasi'.
- When
- Recently; the article gives no exact dates, though it places the cyclothon over a recent weekend.
- Where
- Hyderabad, with projects and probes spanning Andhra Pradesh and Telangana, including Visakhapatnam and Amaravati, plus a trip to Ladakh.
- Why
- The stories reflect the deals, fears and community buzz dominating Hyderabad's social circles, from elite real estate and investment flows to concerns about scams and online extortion.
Penthouse Buyers
Independent House Advocates
Rs 62-crore Trump Towers penthouse purchase
Penthouse Buyers
The record apartment purchase is the ultimate status symbol in Hyderabad's luxury real estate market and a serious investment.
Independent House Advocates
With land still available in Hyderabad, one could build a Rs 100-crore independent house instead, and lifts in such crowded towers can be a nightmare at rush hours.
- New platform
- Aasthi — helps NRIs invest in Indian real estate, startups and funds; launched by Vamsi Atluru with projects lined up in Visakhapatnam and Amaravati
- New ambassador
- Jonty Rhodes joined Aasthi as Director and Global Ambassador
- Record apartment deal
- Reported sale of Rs 62 crore for a 30,000 sq. ft. penthouse at Trump Towers Hyderabad — most expensive apartment deal in the city so far
- Developers
- Kalpesh Mehta's Tribeca Developers in collaboration with Ira Realty
- Chit fund probe
- Enforcement Directorate froze 182 bank accounts and seized Rs 1 crore in cash
- Alleged scam
- Rs 2,000-crore chit fund scam linked to Malla Vijaya Prasad's Wellfare Buildings and Estates Pvt Ltd (WBEPL)
- Cyclothon
- More than 200 cyclists, including AIG Hospitals' orthopaedic doctors, led by Ravi Revolution at the Solar Roof Cycling Track
- Upcoming film
- Rajamouli's 'Varanasi' — no international partner confirmed; Hollywood studios reportedly not showing interest