The Punjab government is planning a new satellite city near Chandigarh called "New Chandigarh", which will be a planned, organized, and smart city. It will be developed on 15,000 acres of land with amenities like an ecocity, metro station, cancer hospital, cricket stadium, and higher education institutions. Over Rs. 1,218 crore has been allocated for the project to make the new city self-sufficient. Major developers involved include DLF, Omaxe, and Altus Space Builders.