Gorgeous Kareena Kapoor is playing the lead in the film. Actor Arjun Rampal will be seen playing the love interest of Kareena.
The film also features Randeep Hooda, Arunoday Singh and Shahana Goswami.
Bhandarkar had earlier signed Aishwariya Rai Bachchan for the role but she backed out of the film due to her pregnancy and the film faced an abrupt halt.
The film revolves around the life of a once successful film actress.
Bebo's wardrobe cost for the film is estimated to be Rs 1.3 crores, with around 150 costumes, designed by Manish Malhotra, media reports said.
National Award-winning film director Madhur Bhandarkar is known for making films like Chandni Bar, Page 3, Traffic Signal and Fashion.
As per media speculations, 'Heroine' is going to be the last film by Kareena before she ties knot with Saif Ali Khan.