The romantic-drama is directed by Dinesh Vijan, who had previously produced films like "Love Aaj Kal", "Cocktail" and "Badlapur".
Varun said he was excited to play the character that is not doing comedy just for the sake of it.
"It is a fun loving character, he is not doing comedy for the sake of it. He is a regular fun loving person," Varun told PTI.
"It feels nice to bag the film. It is great to reunite with Kriti as we have this north connect and share a great bond. I am really excited and looking forward to work with Dino and Sushant as well," he added.
Varun will also be seen in "Fukrey 2", a sequel to the 2013 comedy directed by Mrighdeep Singh Lamba. "Fukrey" marked the debut of the 26-year-old actor, who gained prominence with his character 'Choocha'.
"More than pressure, there is a responsibility to live upto to the expectations. My character 'Choocha' became popular, it was quirky and fun. So going back to my first film, to play the character that I enjoyed feels really nice," he said.
The sequel will start in the second half of the year and will retain the original cast including Pulkit Samrat, Ali Fazal, Richa Chadha and Manjot Singh.
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