'Ishaqzaade', also produced by YRF, won a special mention for Parineeti at the 60th National Film Awards.
The new as yet untitled film is also written by Faisal. It will go on floors in September this year, and it is slated for a mid-2014 release.
Photos: Ajay Devgn, Parineeti, Tabu at 'Golmaal Again' trailer launch
Photos: 'Dangal' girls Sanya Malhotra, Fatima Sana Shaikh's dinner outing
Photos: Kareena Kapoor Khan's grand birthday bash
Photos: Salman Khan, Daisy Shah spotted at the Mumbai airport
Photos: Rakhi Sawant to play Honeypreet in Ram Rahim biopic