Correct Option: B

Mumbai-based Marathon Realty has unveiled a Rs 900-crore plan for an information technology Special Economic Zone (SEZ), named Nextzone, at Panvel near Mumbai. The investment, to be made in three phases over six years, will include cost of land and construction and infrastructure development. Work begins from September 2008, and the project will be funded through a mix of debt and equity in a 2:1 ratio. The proposed SEZ with road, rail and maybe even air connectivity will provide IT companies with a cheaper option to set up development centers near Mumbai. A Special Purpose Vehicle (SPV) of Marathon Realty will implement the SEZ project.