MUMBAI: Announcing a lavish budget of Rs 250-300 million, T-Series' Karzzz…, a remake of Subhash Ghai's original, is ready for release in August this year.

Speaking to indiantelevision.com, T-Series VP Vinod Bhansali said, "The film is slated to get released worldwide in August. We are producing the film with a budget of Rs 250-Rs 300 million and we are still to decide on the sale of distribution rights."

The remake, produced by Bhushan Kumar and Krishan Kumar, is being directed by Satish Kaushik and stars Himesh Reshammiya, Urmila Matondkar, Gulshan Grover, Danny Denzongpa and Rohini Hattangady.

A major portion of the film has already been shot in exotic locations like the Emperor's Palace and the Lagoon Beach in Johannesburg, and is now all set to go to Cape Town. Other parts of this film will be shot in Kenya and Mumbai, and the shooting will continue till March-end.

As reported earlier, T-Series has bought for Rs 30 million the remake rights from Mukta Arts for the original Karz film which was directed by Subhash Ghai. The original film had Rishi Kapoor, Tina Munim, Premnath, amongst others, and was a blockbuster of the '80s.