Mohali was conceived after the trifurcation of Punjab and its capital Chandigarh becoming a Union Territory in late 1960s. Today, Mohali and Chandigarh are contiguous areas with only the boundary of Punjab and UT of Chandigarh dividing this area. The original plan of Mohali is in fact a mere extension of the road and design system of Chandigarh without any unique planning . The development earlier was only till Phase VII. The development of sectors and phases from Phase 8 onwards started in late 1980s, and the city got its own bus stand in Phase 8 in mid 1990s. In 2006, Mohali's population is near 200,000, approximately 1/5 of Chandigarh's. The region has been targeted by an increasing number of outsourcing IT companies, who look to capitalize on the rich investment opportunities the city offers. Mohali and Panchkula (adjoining Chandigarh to its East and in Haryana) are two satellite cities of Chandigarh. The trio of these three cities is collectively known as Chandigarh Tricity. , Panchkula (Hindi: , Punjabi: ) is a planned city in Panchkula District, Haryana, India. For the town in Hoshiarpur district, see Hariana. ... The Union Territory of Chandigarh along with its two satellite cities - Panchkula and Mohali - is collectively called as the Chandigarh Tricity.