Titled Bad, Rahul's launch vehicle will be produced by elder sister Pooja Bhatt.
Incidentally, Pooja had originally chosen the title for a biopic on notorious serial killer Charles Sobhraj's Tihar escape.
Confirming the news, Pooja said, "The script is being worked on. We will rope in a director once it's ready.
Reports claim that Rahul Bhatt's debut film will see him play a character with grey shades.
"It will be a full-on action film. The focus is on the introducing Rahul as an action hero," a source said.
An excited but cautious Rahul revealed, "I've waited very long for this to happen. I am not saying anything until my sister makes an announcement."
The Sobhraj biopic, to be directed by Prawaal Raman was abruptly shelved after Pooja had a fallout with him.
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