Tirupati: The property, owned by the Tirumala Tirupati Devasthanams (TTD), the governing physique of the traditional hill temple of Lord Venkateswara at Tirumala right here is over Rs 2.5 lakh crore, official sources mentioned right here on Sunday.

The TTD is rising richer and richer because the money and gold choices made by devotees on the hill temple continues to rise and glued deposits in banks are additionally producing extra earnings in view of enhance in rates of interest, a temple official mentioned.

Sources within the governing physique advised PTI that the tough worth of property owned by the Tirumala Tirupati Devasthanams throughout the nation could possibly be over Rs 2.5 lakh crore. This consists of land parcels, buildings, money and gold deposits within the banks, given as choices to the temple by devotees.

Assigning a worth to priceless vintage jewelry and properties together with cottages and visitor homes on the seven hills to supply facilities to devotees could possibly be deceptive and therefore doesn’t type a part of the estimated, common asset worth, they mentioned. The sprawling seven hills is held sacred by devotees and is revered because the abode of Lord Venkateswara.

The TTD’s mounted deposits with a number of PSU and personal banks have as on September 30, 2022 crossed Rs 15,938 crore as towards Rs 13,025 crore in June 2019, seen as a file surge. The gold deposits made by the Devasthanams in banks have additionally now elevated quickly from 7.3 tonnes in 2019 to 10.25 tonnes as on September 30, 2022.

In its about Rs 3,100 crore annual price range for 2022-23 offered in February, the TTD has projected over Rs 668 crore as earnings within the type of pursuits from money deposits in banks. Additionally, Rs 1,000 crore earnings was predicted within the type of money choices alone –by about 2.5 crore devotees– within the hundi of the hill temple.

The TTD is getting an excellent sum as earnings on the ten.25 tonnes of gold deposited not too long ago with the SBI and Indian Abroad Financial institution. The SBI alone has about 9.8 tonnes of gold deposits.

The Tirumala Tirupati Devasthanams has over 900 immovable properties measuring effectively over 7,000 acres throughout the nation and it administers numerous temples in Andhra Pradesh, Tamil Nadu, Telangana, Odisha, Haryana, Maharashtra and New Delhi.