Mohali, Aug. 27 -- After a delay of over 12 years, the Greater Mohali Area Development Authority (GMADA) is finally set to launch the Ecocity-2 (Extension) scheme in New Chandigarh's Hoshiarpur village in the last week of September. This will be GMADA's eighth township project.

Spread over 96 acres, the new township will include both residential and commercial plots. The residential plots, 135 of one-kanal and 18 of two-kanal, will be priced at Rs.5,500 per square yard. While the residential plots will be allotted through a draw of lots, the commercial sites will be auctioned.

Although GMADA had acquired the land in 2013 under land pooling policy, compensated the landowners, and carved out plots, the project remained stalled for years d...