Karan Johar appears ready to return to the director’s chair once again under the Dharma Productions banner. Industry buzz suggests that the filmmaker, fresh off the success of Rocky Aur Rani Kii Prem Kahaani (2023), is developing his next directorial project — and Alia Bhatt is reportedly confirmed as the female lead.
This marks the third collaboration between Johar and Bhatt after Student of the Year (2012) and Rocky Aur Rani Kii Prem Kahaani. Alia, who has often spoken fondly of Karan as her mentor, continues to be one of Dharma Productions’ most prominent faces. While the filmmaker has yet to make an official announcement, the news of Alia’s casting has already created significant buzz online.
What’s currently drawing attention, however, is the speculation around the film’s male lead. Reports indicate that both Ranbir Kapoor and Vicky Kaushal have been approached for the role, with a final decision expected soon.
The potential casting opens up several interesting possibilities. Adding another layer of connection, all three stars — Alia, Ranbir, and Vicky — are currently shooting for Sanjay Leela Bhansali’s upcoming period drama Love & War, slated for release in early 2026.
If confirmed, Karan Johar’s new project would bring together a dynamic combination of talent that audiences have already embraced in various pairings. Known for his larger-than-life romantic dramas, Johar seems poised to deliver another story rooted in emotion, glamour, and strong performances.
For now, details about the film — including its title, plot, and production timeline — remain under wraps. But with Alia Bhatt leading the cast and two powerhouse actors in contention to join her, this untitled Dharma Productions venture has already become one of Bollywood’s most anticipated upcoming projects.
