PUBLIC AUCTION OF SHOPS IN VIEW OF AUDIT OBJECTIONS-TTD

Tirumala, 11 February 2016: TTD has initiated the steps to proceed for public auction of 70 shops to overcome the monetary loss incurred by the institution in the last few years.

There are 1413 shops under TTD in various categories located at different places in Tirumala. Among them, 1133 shops were allotted to displaced persons. However in 2011, the then board passed a resolution No.203 on May 26 which resolved to scrap the schemes of rehabilitation.

The Hight Court has also directed the TTD to follow the resolution scrupulously and without any exception. About 114 shops are remaining vacant from the past eight years incurring huge losses to TTD. So with an aim to overcome the monetary loss, TTD has decided for public auction.

ISSUED BY TTD PUBLIC RELATIONS OFFICER, FROM HYDERABAD