In 1996, Vishesh Films were making a film called Mr Aashiq with Saif Ali Khan and Twinkle Khanna, the audio for the film was even released. Later Vishesh Films felt the film was not up to the mark and neither did the cast and felt they were all simply 'wasting their time'. Then they scrapped Mr Aashiq, and with the same cast they rewrote a new story and gave it new title 'Yeh Hai Mumbai Meri Jaan' and re-shot the whole film at the decision of Mahesh Bhatt. Earlier Akbar Khan, Parveen Babi, Smita Patel were acting in a film by Tanvir Ahmed called Mr. Aashiq. That was also shelved after Parveen Babi left the country .The first film was a dramatic love story which later became mad crazy comedy film. The only footage remained from Mr Aashiq was the songs shot placed in 'Yeh Hai Mumbai Meri Jaan' as can be recognized by the looks of the actors during the songs sequences. 'Yeh Hai Mumbai Meri Jaan' is the additional song as it was not part of Mr. Aashiq.
