Riteish, who is also working for the third instalment of the "Housefull" franchise, tweeted: "And the shoot for 'BANJO' begins - @NargisFakhri @meranamravi @ErosNow @LukeKennyLIVE."
Directed by Ravi Jadhav, "Banjo" also stars actor Luke Kenny, who played one of the four key characters in the 2008 film "Rock On!!".
"Banjo" will be produced by Eros International.