After De Dhana Dan, Akshay Kumar and Katrina Kaif will pair up in yet another comedy flick. The third installment of the series which is titled Hera Pheri 4 will be directed by Anees Bazmee. The much-awaited Hera Pheri sequel is finally taking shape. A source says, "After the super success of Hera Pheri and Phir Hera Pheri, producer Firoz Nadiadwala has been planning the third installment. However, the film was taking its own time. The promos of the forthcoming film De Dana Dan starring Akshay Kumar, Sunil Shetty and Paresh Rawal are being shown with Blue (which releases today) at the trail shows. The industry insiders have begun talking about the winning combination of Akshay, Sunil and Paresh. Firozbhai saw the promos and immediately got in touch in Akshay for the much-awaited installment. Although Akshay's date diary is packed, he came to Firoz's rescue by accommodating the film. However, the interesting bit is that the film will be titled Hera Pheri 4 and not 3. The reason for the same will be revealed in the promos of the film, once it is ready."

Although Hera Pheri was directed by Priyadarshan and Phir Hera Pheri by Neeraj Vohra, Hera Pheri 4 will be directed by Anees Bazmee. The source adds, “Akshay, Firoz and Anees last came together for Welcome (2007). Katrina Kaif will play the female lead in Hera Pheri 4, which is slated to go on the floors in March next year.”