ICAI Partners With TTD to Monetise Land via REITs, Revamp Financial Systems
The Institute of Chartered Accountants of India (ICAI) has partnered with Tirumala Tirupati Devasthanams (TTD) on multiple financial initiatives. Key projects include monetising TTD's land assets through Real Estate Investment Trusts (REITs) and conducting a formal valuation of its gold holdings. ICAI is also finalising a comprehensive accounting manual tailored to TTD's operations. The updated manual will address all aspects of the temple trust's financial management and collections. These efforts aim to strengthen the financial framework of one of India's wealthiest religious institutions.
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