NEW DELHI, INDIA, November 6, 2012 (Outlook India): The Supreme Court today gave the green signal for strengthening the vaults of Kerala's famous Sri Padmanabhaswamy Temple which reportedly contains wealth worth over US$27.6 billion. A bench of justices R.M. Lodha and A.K. Patnaik said the amount for strengthening the vaults, which is estimated to cost $147,000, would be paid jointly by the state government and the temple management. The apex court-appointed expert committee, meanwhile, said that the whole process of unearthing the assets and its valuation would be completed by June 1 next year.
The sprawling temple, an architectural splendor in granite, was rebuilt in its present form in the 18th century by the Travancore Royal House, which ruled southern Kerala and some adjoining parts of Tamil Nadu before integration of the princely state with Indian Union in 1947. Even after independence, the temple continued to be governed by a trust controlled by the erstwhile royal family, to whom Lord Padmanabha (Vishnu in reclining posture) is their family Deity.