"I have been wrongly quoted that the book I am writing is about myself, " said Bhatt.
Bhatt said his book is based on his real life experiences but has nothing to do with his actual life.
"It is completely fictional and has nothing to do with my real life or my relations with Sushmita (Sen) or Amisha (Patel), " said Bhatt.
"They are not the most important persons in my life. I have many more persons in my life who have played an important part. This book is a work of fiction through which I want to say that we sometimes find our first love in the second chance, " Bhatt told.
Bhatt said he is still writing the book and hopes to release it before his next film "Shapit".
"I am still on the writing process but cannot devote my full time to it because of my other commitments of writing scripts and managing my film business. But I will release it for the readers before the release of my next film 'Shapit', " Bhatt said.
Bhatt, who has launched his film production under the banner of ASA productions, said he is now having the best phase in his life as he is managing the business as managing director of the company and also working on a few films as writer or director.
"Professionally, I am at a very good phase of my life now where I am managing a company making 5-6 films a year. We are also into distribution and launched a music label under ASA music."
Bhatt, who has always been linked with several actresses, said "Personally, I am at a stage of self-discovery."
Bhatt, who had been in a relationship with Bollywood actress Amisha Patel for five years, parted ways a year ago.
"Now I am enjoying life as I am doing work and also passing some valuable time with my daughter."
Regarding the settlement with his ex-wife, he said: "We had a divorce 12 years back and I think there is no reason that we should be together again. I am at a self-discovering stage and finding my way to be complete within myself as no one can help anyone to be complete."
Bhatt said he is still friendly with Amisha and is even ready to cast her in his films if the role suits her.
"We parted as good friends as there is no ill feeling among us. I will be happy to cast her in any of my films if the role suits her as she is such a fabulous actor."
Bhatt said he is now planning to turn corporate and rope in various directors to make films under his banner.
"Khaleed Mohammad is directing a film for us. Besides, talks are going on with directors like Tigmanshu Dhulia and Sanjay Khanna."
As far as his future projects are concerned, he is producing "Phir", which will be directed by one of his assistants, and is directing "Shapit", , which introduces Aditya Narayan.
"Shapit" will be the third in Bhatt's horror trilogy after "Raaz" and "1920", which introduced Adah Sharma.
On reports of his link-up with Adah Sharma, whom he introduced in "1920" and has again cast her in "Phir", Bhatt said: "Adah is just a child and is 20. I am nearing 40. How can you think of a link-up with her as she is so much younger to me?"