PAGE 3 is viewed from the eyes of a young journalist, Madhvi [Konkona Sen Sharma], who hails from Bangalore. Since childhood, she’d nursed a desire to take up journalism as a career.

Madhvi gets a job at Nation Today newspaper. Her job involves covering those highly-glamourised Page 3 parties and dos. Her boss, editor Deepak Suri [Boman Irani], is quite helpful, and so is the team.

Madhvi is leading a content life, sharing a rented apartment with Pearl [Sandhya Mridul], an air-hostess, when she comes across Gayatri [Tara Sharma], a starlet. Gayatri moves into Madhvi’s apartment and they soon become thick buddies.

But after a point, Madhvi gets fed up of Page 3 reporting. It is actually a bomb blast coverage that serves as a real shocker. She realizes that such parties are a mere sham.

In the meantime, Pearl starts dating a tycoon and heads for the U.S. Prior to that, Gayatri is ditched by her star-boyfriend Rohit [Bikram Saluja]. Now, Madhvi is all the more resolved and determined to change the system. Along with a crime reporter Vinayak [Atul Kulkarni], Madhvi starts focusing on serious issues.

But, in the end, she is back to square one – she gets the Page 3 beat to cover yet again!