# The cabinet ministry of Karnataka approved the allocation of 140 acres of land at Bengaluru Signature Business Park.

*semiconductor · news · 2026-05-01 · The Hindu Business Line*

## Key points

- Karnataka cabinet approved allocating 140 acres to Applied Materials at BSBP near Kempegowda Airport.
- The land is priced at ₹1,288 per sq ft, totaling ₹780 crore for Applied Materials.
- The allocation operates on a lease-cum-sale basis and awaits statutory and regulatory clearances.
- Karnataka will review disposal mechanisms for the remaining 267 acres, considering competitive bidding.
- The state plans to re-examine the BSBP land disposal policy following this Applied Materials allocation.

**Companies:** Applied Materials Inc.
**Countries:** India, United States

[Read the full story on The Hindu Business Line](https://www.thehindubusinessline.com/news/national/karnataka-approves-140-acres-of-land-to-us-based-applied-materials/article70927797.ece)

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