Tirumala Tirupati Devasthanams reportedly exploring REITs to monetise land
The Economic Times reports that ICAI is helping Tirumala Tirupati Devasthanams explore real estate investment trusts (REITs) while updating its accounting manual.
TLDR
The Economic Times reports that ICAI is helping Tirumala Tirupati Devasthanams modernise asset management covering land, gold and accounting systems. The work includes exploring REITs to monetise its land holdings and developing an updated accounting manual. The framework could eventually serve as a model for other major temple trusts, the report says.
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