The yet-untitled project is slated to go on the floors starting July.
The film is rumoured to be titled "Kutra Paramparai", and will be produced by Bala's home banner B Studios.
"The project was supposed to go on the floors much earlier. However, due to the delay in the release of Bala's forthcoming film 'Tharai Thappattai', this project was postponed, the source added.
Tharai Thappattai, meanwhile, is all set to release worldwide on Thursday (January 14th). The film features director-actor Sasikumar and Varalaxmi Sarathkumar in the lead roles. The movie, based on the lives of folk singers and dancers of Tamil Nadu, marks the acting debut of producer RK Suresh.
Joining Tharai Thappattai on January 14th are Gethu, Kathakali and Rajini Murugan, all of which are ready to storm into theatres worldwide, owing to the long festive weekend.