"There is lot of speculation of the sequel to 'Chalo Dilli'. We've got writers working on the story. (But) I would put my name and hard work behind it only if the story comes out really better than the earlier one, " Lara told.
"I think sequels are very tricky to do. If you don't have anything better than the first one, you shouldn't do it, " she added.
"Chalo Dilli", which released in 2011, marked the former beauty queen's foray into movie production under her banner Bheegi Basanti Productions. The film featured Lara and Vinay Pathak in lead roles and won critical acclaim.
For now, the actress has wrapped up Bejoy Nambiar's "David" and is now working on two scripts, which will again be produced by her.
"I am busy with my production house Bheegi Basanti. We are right now working on two scripts. One is likely to go on floors in February next year, while the other by the end of next year, " said Lara, who is the mother of seven-month-old Saira, her daughter with tennis ace Mahesh Bhupathi.
The actress was here Friday night to inaugurate an innovatively designed workplace of US-based travel website Expedia.