September 26, 2023
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Tirupati temple’s assets worth over Rs 2.5 lakh crore

According to official sources, the Tirumala Tirupati Devasthanams (TTD), the organisation in charge of the historic hilltop temple of Lord Venkateswara in Tirumala, owns assets worth more than Rs 2.5 lakh crore.

According to a temple administrator, the TTD is getting richer and richer as cash and gold gifts from worshippers at the hill temple climb and fixed deposits in banks provide more money as interest rates rise.

According to sources within the governing body, the approximate value of the assets controlled by Tirumala Tirupati Devasthanams nationwide may exceed Rs 2.5 lakh crore. This includes real estate, structures, money deposited in institutions, and gold presented as offerings to the temple by devotees.

They claimed that placing a value on rare antique jewellery and real estate, such as cottages and guest houses on the seven hills to serve as amenities for devotees, could be deceptive. As a result, they concluded, these items should not be included in the estimated overall asset value. The expansive group of seven hills is considered as Lord Venkateswara’s home and is held in high regard by followers.

The 10.25 tonnes of gold that were recently deposited with the SBI and Indian Overseas Bank are earning a sizable sum for the TTD. About 9.8 tonnes of gold reserves are located in the SBI alone. The Tirumala Tirupati Devasthanams oversees numerous temples in Andhra Pradesh, Tamil Nadu, Telangana, Odisha, Haryana, Maharashtra, and New Delhi, and it owns over 900 immovable properties totaling more than 7,000 acres across the nation.

Picture Courtesy: Google/images are subject to copyright


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