"'Happy New Year' will definitely start this year, no matter what. I'm working on the script. It might go on floors on Dec 31, but I'm sure it will begin this year," Farah told over phone from Mumbai.
"It is quite strange that people spread these irresponsible and baseless rumours... Shah Rukh and I don't even know from where such rumours originate," she added.
After directing two blockbusters "Main Hoon Na" (2004) and "Om Shanti Om" (2007), Farah will complete her hat-trick with Shah Rukh with "Happy New Year". Like her first two directorial ventures, this one will also be produced by Red Chillies Entertainment.
Farah started her stint as a choreographer with the song "Pehla Nasha" for Aamir Khan starrer "Jo Jeeta Woh Sikandar" (1992) and the song was a huge hit. Later she choreographed prominent numbers in films like "Dil To Pagal Hai", "Kaho Na Pyaar Hai", "Dil Chahta Hai", "Monsoon Wedding", "Kabhi Khushi Kabhie Gham", "Krrish", "Kabhi Alvida Naa Kehna" and "Dostana" among others.
Winner of five Filmfare awards, Farah was also honoured with the National Award in 2004 for directing Hrithik Roshan in the song "Idhar chala main" for "Koi... Mil Gaya".
Recently, her name was announced for the International Indian Film Academy (IIFA) award for the best choreography in the song "Desi girl" for "Dostana".
However, she is not sure whether she will be able to attend the final ceremony in June in Macau.
"I don't think I'll be able to go this year because of my kids and other commitments. Although I am trying my best to make it. I'm really glad that I got the award for this song," said Farah who gave birth to triplets - Anya, Diva and Czar - last year.
She also added that working on this song was a delight, although making John Abraham dance was a task.
"I loved choreographing 'Desi girl'. The best part was that I had to make two guys dance so passionately. I have a great rapport with Abhishek (Bachchan) so working with him on the song was great. Priyanka (Chopra), I knew is a fabulous dancer so I was not tense on that front.
"My main concern was John (Abraham) because he is not known to be a dancer. Still he worked quite hard and I think he did a great job in the song," she said.
So what does this multifaceted personality enjoy doing most?
"The most I like doing is playing with my three kids. Then on the professional front, I love directing a film, it's very exciting. Choreographing comes a close second and then I enjoy being on reality shows," said Farah who will be donning another cap, this time as a chat show host.
The 44-year-old will host "Tere Mere Beech Mein" being produced by 3's Company, which is owned by her and her husband Shirish Kunder.
"I'll be hosting the chat show from next month on STAR TV. It won't be just another celebrity talk show. The show will be based on a specific topic every week. Two guest celebrities and a common man will be interviewed in each episode," said Farah who judged dance reality shows "Nach Baliye" as well as "Jhalak Dikhla Jaa".