`Bhargavi Nilayam,' the Malayalam classic by Vaikom Mohammed Basheer and A. Vincent, took Kerala by storm in 1964.

The ghost story was set against the backdrop of the tragic love affair of Bhargavikutty and Sasikumar.

`Bhargavi Nilayam' gave Malayalis some of the most exquisite songs.

The film, starring Madhu, Prem Nazir, P.J. Antony and Vijaya Nirmala, was a landmark of sorts. It was also a box-office hit. Four decades later, the Malayalam Cine Technicians' Association (MACTA) is toying with the idea of remaking the film in a new format.

However, it will not be an exact `remake' of the old one, says director Vinayan, chairman of MACTA and general secretary of the MACTA Federation.

The directors plan to make a film based on `Neela Velicham,' a short story on which Vaikkom Mohammed Basheer based his vibrant script.

The new film will be directed by seven directors- Kamal, Vinayan, Joshy, Shaji Kailas, Siddique, Priyadarsan and Fazil.

The script will be penned by director Siddique and John Paul. The cast will include either Mammootty or Mohanlal donning the role of the novelist, portrayed by Madhu in the original version.

The roles of Sasikumar and Bhargavikutty, immortalised by Prem Nazir and Vijaya Nirmala, will be performed by newcomers.

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