Produced by Sri Venkateswara Creations, it is a standalone sequel to the 2019 film F2.

F3 is the second film in the Fun and Frustration series.

The film stars Venkatesh, Varun Tej, Tamannaah, and Mehreen Pirzada who reprise their roles from the previous film alongside Sunil and Sonal Chauhan.

Dil Raju announced F2's sequel F3 following its success in February 2019.

Principal photography of the film began in December 2020 and completed in January 2022.

The film was shot extensively in Hyderabad. The production and release of F3 were delayed multiple times by the COVID-19 pandemic.

The soundtrack and score of the film is composed by Devi Sri Prasad.

The audio rights were acquired by Aditya Music.

A special song featuring Hegde was filmed in April 2022 at a specially constructed set at the Annapurna Studios.