The first instalment of ‘Ishqiya’ franchise received good response from both audience and critics, to which, the makers went on to make its sequel, titled ‘ Dedh Ishqiya ’ in 2014. Though ‘ Ishqiya ’ was a hit, ‘ Dedh Ishqiya ’ couldn’t manage to match the same success and failed miserably at the box office. Retracing from his previous hints of 'Ishqiya 3' being in the works, Arshad Warsi tells a leading newspaper, "The film is surely not happening." The third instalment of the 2010 black comedy, starring Naseeruddin Shah and Vidya Balan , was meant to go on floors soon, but the makers have revisited their decision.

Warsi also added, "There was the talk of the third part. But, I had a conversation with the producers, and [they told me that] the last instalment was too expensive. They couldn't recover the costs. As a result, they have changed their mind. As of now, the film isn't in the pipeline. Naseer Saab and I had hoped that this project would work out,"

A source from the production house confirms the news, stating, "The franchise's last edition flopped. The producers aren't ready to take another risk. It is a glorious franchise, which has promise. The makers might come around if director Abhishek Chaubey comes up with an irresistible idea. As of now, it's shelved indefinitely."