The Financial Express writes on 3 October, 2016:
￼Navi Mumbai is now also connected via the eastern freeway in Chembur to Nariman Point in south Mumbai.
With real estate costs that are nearly as competitive as those in Gurgaon, Pune or even some pockets of Bengaluru, Navi Mumbai is staking a claim to become the next big IT hub.
The direct beneficiary would be Jai Corp Ltd (Rs.71), which has large land holdings in Navi Mumbai and Mumbai Sezs apart from its traditional business. Anand Jain of Jai Corp is a close associate of Mukesh Ambani, who also owns land in Mumbai Sez.
I feel it is pertinent to mention here that S P Tulsian of www.sptulsian.com earlier told CNBC-TV18 that: "In the land bank, Navi Mumbai SEZ has 4,100 acre and Mumbai SEZ has 4,600 acre in which Jai Corp is having interest. With this trans-harbour link, Sewri to Navi Mumbai, that will give a good value to that land. Still things are there, regulatory clearance and all that conversion from SEZ, but this company is holding minority stake in that and that will definitely be seen quite positive."