Bollywood actress Bipasha Basu has been reportedly demanding 1 crore for an item song in Pawan Kalyan starrer ‘Gabbar Singh’. The movie is a Telugu remake of Bollywood’s blockbuster movie ‘Dabangg’ starring Salman Khan. When the makers of Gabbar Singh approached Bipasha Basu to groove for the ‘Munni Badnam’ number for the Telugu version, Bips has demanded 1 crore it seems. However, the makers have said that they could close the deal for 50 lakhs and are still negotiating with Bipasha! We’ll get to know more on this shortly.  The movie has just wrapped up the Pollachi schedule and is now gearing for next schedule in Hyderabad. Shruti Hassan is playing the female lead in this movie, which is directed by Harish Shankar under Parameswara Arts. Devi Sri Prasad is scoring the music.