The Supreme Court on Tuesday had granted bail to Reddy, who is an accused in the illegal mining case involving his Obulapuram Mining Company (OMC).
Reddy, facing several criminal cases, was arrested in 2011.
Anticipating his release, a large number of his supporters are expected to gather near Parappana Agrahara prison on January 22 and 23 for celebrations, and this may disturb peace and normalcy in the area, and may cause damage to property and traffic congestion in the locality, City Police Chief M N Reddi said in a statement said.
The apex court had granted bail after CBI submitted that the investigation in the case involving Reddy is complete and both the charge sheet as well as the supplementary charge sheet
have been filed.
While granting bail, the bench imposed certain conditions including that Reddy will be released from jail on furnishing two sureties of Rs 10 lakh each and that he shall not leave the country without the permission of the court while directing him to surrender his passport.
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