business / news / / Moneycontrol
Karnataka cabinet on April 30 approved the allotment of 140 acres of land at Bengaluru Signature Business Park.
Karnataka cabinet approved allocating 140 acres to Applied Materials at BSBP for Rs 780 crore.
KEY POINTS
- 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
Summarized by Newsio from Moneycontrol. How we summarize →