Raaz 3 with Bips (confirmed pg2)

After being at loggerheads for a while now, looks like Bipasha Basu is being welcomed back into the Bhatt camp with open arms. On Thursday, she signed the much talked-about third part of the Raaz franchise and was officially back to being a Bhatt girl.

"Mukesh Bhatt wanted Bipasha to do an item song in Murder 2. But Bipasha demand for a huge amount of money took the Bhatts by surprise. The Bhatt's were not pleased with her attitude, especially since they were instrumental in Bipasha's rise to stardom by casting her in films Jism and Raaz at an early stage of her career.

In fact, the Bhatt's were so upset that Bipasha was not even invited to the Murder 2 success party. All this, though, is a thing of the past. Bipasha has slashed her price for the Bhatt camp and signed Raaz 3," says a source close to the camp.

When contacted, Mukesh Bhatt confirmed, "Yes, I can say that Bipasha has been welcomed home. She was destined to do the best and in Vishesh Films, we are giving her the best."

When asked about the price factor and the dispute, Mukesh Bhatt was unwilling to divulge details of the fallout. He said, "The fact is that we are working together, which means we have a beautiful understanding. Let bygones be bygones. It is a home-coming for her and for Vikram Bhatt. We are all set to make a box office bonanza and we promise that it will be bigger than the first Raaz."

Vikram Bhatt, echoing Mukesh's sentiments, said, "Bipasha is an important part of the team that created the brand Raaz. I am happy to be working with her again and I am determined to recreate the same magic, with the whole-hearted support of the Murder 2 team - Emraan and Jacqueline, along with writer Shagufta Rafique. Just await the three idiots of horror and romance."