The film will be ready for release May 1, 2014.
Hrithik and Katrina will undergo training for their respective roles, said a source, and the movie is likely to have an aggressive marketing campaign.
The film will be shot across Europe, Far East and India, and is said to feature "spectacular stunt sequences, intense chemistry and edge-of-the-seat excitement, as Hrithik and Katrina will scorch the silver screens in never-seen-before avatars", said a statement.
The music for the film will be composed by popular duo Vishal-Shekhar.
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