"I am almost done with my script. It is a comedy film. We have approached people...we are in the process of casting. Once the cast and other things are in place we will announce it in the coming 15-20 days," Sagar told PTI.
"We are working on two-three other scripts simultaneously. One is a comedy film and hopefully we would be going ahead with it first. It will go on floors this year," he said.
Out of the four films that Sagar has directed, three of them featured Vinay.
"Hopefully yes, he (Vinay) will be part of the film, provided we get his dates. All I can is that the actors in this film are good..can`t say if they are big or are newcomers. We are trying to get the dates of actors and then we will start shooting," he said refusing talk further about the `comedy` film.
After making the audiences laugh out loud with `Bheja Fry` in 2007, Sagar returned after four years to hit the chord with sequel `Bheja Fry 2`.
As `Bheja Fry 2` was a moderate success at box office, Sagar is not in a hurry for the third installment.
"Recently Vinay and I met, we were discussing about the third part, but we don`t want to rush into things. We would like to take the franchise ahead. The third part has to be as good and interesting as the previous two films, only then we will go ahead," Sagar said.
"Its too early to talk about anything on this," he said.
`Bheja Fry` revolved around Bharat Bhushan played by Vinay Pathak, a tax inspector who is looking to fulfil his long cherished dream of becoming a singer.
While, In `Bheja Fry 2`, the idiot`s (Vinay) journey continues abroad which had a bigger star cast and higher budget. The film starred Vinay, Kay Kay Menon, Minissha Lamba, Suresh Menon and Amol Gupte.