One of the producers of the film, Bhushan Kumar, shared the news alongside a picture of a clapperboard.
"The journey of Bombay's transformation to Mumbai begins as #MumbaiSaga goes on floors today!" he tweeted.
Set in the 1980s and 1990s, the film also stars Emraan Hashmi, Jackie Shroff, Suniel Shetty, Prateik Babbar, Gulshan Grover, Rohit Roy, and Amole Gupte.
The film is being helmed by Sanjay Gupta, who has previously directed films like 'Kaabil', 'Shootout at Wadala' and 'Kaante'.
Scheduled to hit theatres on June 19, 2020, 'Mumbai Saga' is being produced by Bhushan Kumar, Krishan Kumar, Anuradha Gupta, and Sangeeta Ahir.