Abhishek, 36, took to Twitter to share the news with his fans. "Hera Pheri shoot day 1. Here we go... #GoForIt," the "Guru" actor tweeted.
The film, a follow-up to "Hera Pheri" and "Phir Hera Pheri", will not see Akshay Kumar, who will be replaced by John Abraham.
John, Abhishek and veteran comedian Kader Khan are the new additions in the franchise.
The other two actors, Paresh Rawal and Sunil Shetty are reprising their famous characters in "Hera Pheri 3". The movie will be directed by Neeraj Vohra, who also helmed the second installment.
The movie is scheduled to release on December 18.