Sonal and Anjali are the two heroines of the film, which is scheduled to go on the floors soon, according to a statement.
To be directed by Sriwass, the film will be produced by Eros International.
Said to be made on a lavish budget of Rs.40 crore, the film will be shot in Hyderabad, Delhi and Europe.
Sriwass, who has two back-to-back hits such as "Lakshyam" and "Loukyam", will be eyeing a hat trick.
The film, which is likely to be released during Dussehra, will have music by S.S. Thaman.