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The Economic Times
The Economic Times

ICAI working with Tirumala Tirupati Devasthanams for REITs to monetise land assets

ICAI Tirumala Tirupati Devasthanams TTD Tirupati Gold

Kochi: Chartered accountants' apex body ICAI is working with Tirumala Tirupati Devasthanams (TTDs) to help monetise its land assets through real estate investment trusts, as well as ways to verify and value gold that is in the possession of the trust.

The Institute of Chartered Accountants of India (ICAI) is also in advanced stages of preparing the updated accounting manual for TTD, the official custodian of the Sri Venkateswara temple in Tirupati, Andhra Pradesh, and is considered the richest Hindu shrine in the world.

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