New Delhi: The Travancore royal family is planning to sell the Travancore House in Delhi without seeking permission from the Kerala government. It has now come to light that the royal family signed a contract with a Chennai-based real estate company to sell the property held by the state government.
The royal family is trying to sell the bungalow in Delhi along with their assets in Bengaluru. It is learnt that the royal family has signed a contract to sell assets worth Rs 250 cr. As per the contract, a deal will be struck once the family receive approval from the central and state governments. The unprecedented move from the royal family came at a time when the state government was planning to turn Travancore House in Delhi into a cultural centre.
On October 29, Travancore royal family signed an agreement with Chennai-based Sahana Real Estate and Builders to sell the Travancore House located in Delhi. Venugopal Varma has signed the contract on behalf of the royal family.
In 2019, the Travancore royal family claimed its ownership and planned to sell the Travancore House, adjoining eight acres of land. However, Kerala refuted these claims and clarified that the place is owned by the state government.
The house was constructed in 1930 and was handed over to the union government to accommodate the Territorial Army. However, the union government handed over the property to Kerala. It is worth noting that the timely maintenance of the place was carried out by the state government.
The royal family claimed that they hold the ownership rights on the property and the government only acquired possession rights on it. However, both parties have been continuing to make claims since 2019.