The film also stars Emraan Hashmi and Jacqueline Fernandez.
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"Well guys today was dedicated for preparation for Raaz 3! Shoot begins... anxious and excited! Very challenging role, totally different from the real me," she wrote.
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The actress, who is eagerly awaiting her forthcoming film Jodi Breakers, in which she is paired with R. Madhavan, is also working on Raaz 3 and the film is set for a July 6 release.
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"Changed my hair colour from my blondish look to a deep red colour! Quite a change! Can't recognize myself," the 33 year old shared the information on her micro-blogging site Twitter.
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Actress Bipasha Basu, who was seen sporting the same hairstyle for ages, has decided to go for change - a deep red hair colour.