Enough of hearsay, here's the first official confirmation... Singh is Kinng is past. Vipul Shah has moved on. He's all set to embark on his new venture, London Dreams. The film, as we all know by now, brings the HUM DIL DE CHUKE SANAM combination of Salman Khan and Ajay Devgan after a hiatus.

One of the hottest projects without doubt, London Dreams has caught the fancy of a number of corporate entities, but the one to bag the rights is Indian Films, the same firm that acquired Singh is Kinng for an astronomical amount. London Dreams too comes with a heavy price tag: Rs. 120 crores.

"Yes, that's the figure, " Vipul Shah makes his first official statement, "We've (Indian Films and Vipul) shook hands, only the paper work has to be completed." Earlier, Vipul's Singh is Kinng set the record of being the most expensive film. Now his next film has set the bar higher!