Khwahish produced by Vivek Nayak and presented by Akbar Arabiyan, the film claims to be a love story of two people who have nothing in common.

The story begins with college mates Amar Ranawat, a Rajasthani, and Lekha Khorzuvekar, a Maharashtrian girl falling in love. Amar comes from a rich family and Lekha from a small village. Acting against his father's advice of first completing his MBA and getting a job and then getting married, Amar decides to marry Lekha immediately. After the marriage and the honeymoon the film moves on to their family life wherein Lekha decides to fund her husband's studies by teaching classical music. Two years of hard work and penny-pinching Amar finally completes his MBA and gets a plum job with a company, which offers him a flat and car and other perks. Time flies by and boredom creeps in when Lekha decides to have a baby. A visit to the doctor and a series of tests later it is revealed that Lekha is suffering from Leukemia. The film ends with a philosophy: Life is all about some unfulfilled dreams.

The main attraction of the soundtrack is obviously Asha Bhonsle who happens to be the only female singer of this album. After such a long time, Asha pockets entire album to her credit though she has been busy singing a number of songs at the same time for various composers. The legendary singer Asha Bhonsle does magnificently well in performing her job as a leading vocalist of this soundtrack.

Shot on 52 locations in Pune, Kerala and Himachal in glorious cinemascope with six songs by Asha Bhonsle, Khwahish talks about loving, living, and losing. It's about what it means to be young, urban, Indian and starting a life in an unknown city.