# Karnataka cabinet on April 30 approved the allotment of 140 acres of land at Bengaluru Signature Business Park.

*business · news · 2026-05-01 · Moneycontrol*

## Key points

- Karnataka cabinet approved allocating 140 acres to Applied Materials at BSBP for Rs 780 crore.
- Applied Materials will receive the land on a lease-cum-sale basis, pending statutory approvals and price finalization.
- The land is valued at Rs 1,288 per sq ft, with total cost pegged at Rs 780 crore.
- The government will re-examine BSBP's land disposal policy and consider competitive bidding for 267 remaining acres.

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

[Read the full story on Moneycontrol](https://www.moneycontrol.com/technology/karnataka-clears-140-acres-for-us-semiconductor-equipment-maker-applied-materials-in-bengaluru-article-13905097.html)

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