Here is some great news for the fans of Hera Pheri franchise. According to the latest grapevine, ‘Hera Pheri 3’ starring Akshay Kumar, Suniel Shetty And Paresh Rawal is all set to go on floors by the end of this year.

A report in Mumbai Mirror quoted a source close to the developments as saying,"At present, the film is in the scripting stage. Indra Kumar has been working with his team of writers on the story since May last year and has already locked the first half, while the second half requires some more work. He will jump into it after the release of his upcoming directorial, Total Dhamaal."

The Indra Kumar-directed film, which was earlier scheduled to go on floors in December last year, was reportedly delayed due to "issues in the script", a source told Mumbai Mirror.

"The delays happened due to the issues in the script. Hera Pheri is an iconic franchise and the team is in no hurry to take it on the floors. Though everyone is excited, no one wants to compromise on the script for a substandard product to capitalise on the franchise's power," the report stated.

It was earlier reported that Akshay Kumar, who is reprising his role in the film, had initially walked out of the project after an argument with the producer of the film Firoz Nadiadwala. However, it has been now reported that "everything has been resolved".

The first Hera Pheri film which released in 2000 featured Akshay Kumar (Raju), Paresh Rawal (Baburao Ganpatrao Apte) and Suniel Shetty (Ghanshyam) and was directed by Priyadarshan. The second instalment, which released in 2006, was directed by late actor-director Neeraj Vora. Both the films had done pretty well at the box office.