It was the second-highest-grossing film of the year 2002 and the first instalment in the "Raaz" series. Basu's performance was highly praised and earned her a Best Actress nomination at the 48th Filmfare Awards. Nadeem-Shravan's music also earned them several nominations at prominent Indian award ceremonies. A sequel to the film was released on 23 January 2009, under the title of "" and the third installment of the series titled "Raaz 3" was released on 7 September 2012. A fourth film, "Raaz Reboot", has been released recently on 16 September 2016.