Why is Mumtaz Hotel in Tirupati under scrutiny after TTD board meeting?
India TodayThe newly appointed board of the Tirumala Tirupati Devasthanams, at its first meeting presided over by chairman BR Naidu, passed several resolutions on Monday, at the Annamayya Bhavan in Tirumala. At the TTD governing council meeting, Naidu said: “Whatever land of 25 acres was given by the tourism department, Chandrababu Naidu had earlier wanted to start a project called ‘Devalokam’. A Government Order passed in 2021 by then YSRCP-led Andhra Pradesh government, a large-scale luxury tourism project was proposed to be developed through incentives under the state government’s 2020-2025 Tourism Policy. The lease cost, as per the GO, would start at 1 per cent of the land’s official value per year, with a 5 per cent increase every three years. Apart from that, the GO stated that the project would receive a 100 per cent refund of the net State Goods and Services Tax it generates for five years or until the project recouped its investment, whichever happened first.