Aditya [Shahid Kapoor] lives with his grandmother [Suhasini Mulay], brother [Mohnish Bahl], sister-in-law [Ekta Bahl], sister and his brothers' children. Neha [Amrita Rao] is the children's tutor who lives in the same neighborhood. Both Aditya and Neha are in love and plan to get married. Aditya gets his sister engaged to a person whose father demands Rs. 50 lacs as dowry. Aditya is left with no choice but mortgage his mansion since he is confident that a business deal will make him rich enough to repay the loan. But disaster strikes and Aditya meets with an accident. He dies in the operation theatre and finds himself in front of a well-dressed man who introduces himself as Yamraj [Sanjay Dutt].
Aditya pleads with Yamraj to let him return to earth to complete the pending jobs. But Yamraj sets two conditions: One, he can't be seen or heard by anyone; two, Aditya has to sort all pending matters in one week itself. A deadline is set! Aditya and a kid, Shakti [also dead on the same day as Aditya], return to earth and minutes after setting foot on the soil realize that a person called Fakira BPCM [Arshad Warsi] can see and listen to them. Fakira helps Aditya get super powers from Lord Hanuman and how Aditya goes about completing the unfinished task forms the crux of the story.
Vaah! Life Ho Toh Aisi is a fantasy film with a novel concept and nothing ever attempted by Bollywood before. The first half is very interesting with twists and turns happening all the while. However the seconf half is a bit slow and boring at times. This may not rank amongst Manjrekar's finest attempts, but the storyteller travels a path not many film-makers in Bollywood have dared to charter in the past. The special effects (Prime Focus) are very good. Cinematography is excellent. Music is average.
Performance wise Sanjay Dutt is excellent. Shahid Kapoor does a good job. Arshad Warsi is outstanding in his role. Amrita Rao does a decent job. Rest of the cast lend able support. On the whole, VAAH! LIFE HO TOH AISI is a fantasy film and the kids will love the film. It is a film that you will like to watch with the whole family.