Harikrit Films is producing the movie, said a statement and added that Rahul, last seen in "Ada... A Way of Life", will play the male lead in the movie inspired by William Shakespeare's play Hamlet, while Telugu actress and theatre artist Akansha Shivhare has been roped in as the female lead.
To be directed by Virendra Lalit, "To Be Or Not To Be" is written by Sanjeev Tiwari and Rakesh Chaturvedi.
The movie revolves around Nikhil (Rahul) and Priya (Akansha) whose marriage is on the rocks. To give a last chance to their relationship, the couple take a break from their normal life to go on a short trip to their farm house.
Thereafter the story unfolds elements of fear, suspicion, regret and compassion.
"To Be Or Not To Be" will be shot in Delhi.
Rahul, 45, featured in Hindi movies like "Junoon" and "Phir Teri Kahani Yaad Aayee". He also worked in Bhojpuri movies and won the first season of TV reality show "Bigg Boss".