Development began in 2015, when Rajani signed Radhika Apte for a film to be made under his banner. Rajani worked on the script, with principal photography taking place in Mumbai.
The film features music by Daniel B George. The film features one song.
The lyrics for song were written by Jay Shankar Prasad. Phobia released on 27 May 2016, from average to positive critical notice, with major praise directed to Apte’s performance. Apart from Apte’s performance, film’s other production elements and picturisation, background score and special effect works were also praised by the critics and audiences.