No. It
purely depends on where you want to be.
It is simple, if an industry wanted to be at fully developed
area with broader access road and an easy access to the required infrastructure
like power, water etc... Then obviously they have the price for it.
You would be surprised to note that, if the same industry
opts to buy land in the developing area they can buy at 50% less or at 1/3rd of
the price.
It is Chicken-Egg case, wherein village panchayat will not
invest in larger infrastructure unless there is a need for it. Many of us under
the impression that village access road means it would be too narrow. Not
necessarily, check with the local panchayat and the revenue records. One would
be surprise to note that official road width would be much larger than they
could see physically.
Take that extra effort, go 4-5 kms inside and surely will
get land at much cheaper price.
If we look back to 80s and 90s, most of the industries
(Indian Industries) were all situated outside the city limits and promoters
were bold enough to operate from a remote place and were not dependent on
Government Industrial Estates. It is this bold decision to help them to beat
the real estate price.
Surprisingly today all these regions turned out to be fast
developing residential areas and industries made a hefty profit by selling these
lands and shifting to newer industrial areas.
It is a wiser decision to invest on a free-hold with 100%
ownership land rather than buying the land with 99 years lease.
In the present industrial parks promoted by Private or
Government, land is given on 99years lease rights only. Which means we invest
huge amount land and building on land which are not owned by us and we are not
sure what would happened after 99 years. Though it is renewable the question is
at what cost?
Go that extra mile and invest in real estate which is of
free-hold with 100% ownership...