So what happened to Part 3?
"That's the fun part of the series," explains Suneel Shetty who'll star in the third instalment, apart from the other usual suspects Akshay Kumar and Paresh Rawal, entitled Hera Pheri Part 4.
"We'll be telling the audience that the characters have been up to unmentionable mischief in part 3. We couldn't show audiences what we were up to in Part 3...so we go straight to Part 4, " explains Suneel.
Anees Bazmi directs Hera Pheri Part 4 at the end of 2007.
Apparently Nadiadwala wants to pitch his next Hera Pheri instalment against Vinod Chopra's Munnabhai series.
According to people involved with both projects, there's a growing sense of indignance in the Hera Pheri camp about how far the Munnabhai series has gone in terms of critical and commercial recognition.
This time Nadidawala wants to go exceedingly far with the farce.