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...