"We have a healthy story bank, so we thought we should get into productions in a bigger way. So on the anniversary, we are announcing the films," Ghai told IANS.
"'Ishq De Maare' is with the Deols. It's a social family drama. It's a beautiful film, beautiful script... more of Hrishikesh Mukerjee style. It will be directed by Neeraj Pathak," said Ghai.
"Sarbajit" is about Indian death row prisoner Sarabjit Singh who died in a Pakistan hospital in May, succumbing to his injuries after being attacked by his fellow inmates in jail. Ishwar Singh Muchhal will direct the biopic.
Talking about "Sarabjit", Ghai said: "I was so touched by the subject that I said I want to make it. People have accepted (athlete) Milkha Singh, so I think people are now liking biopics, so we contacted Sarabjit's sister for the film. Scripting work is on and within 30 days we will finalise everything."