Satya Bhabha: Midnight's Children will go into production this winter
Speaking to Digital Sky, Bhabha said it is a really exciting project, suggesting that the book it's based upon was arguably one of Rushdie's greatest works.
"I adore that book, so it's really exciting, working with Deepa Mehta. Irrfan Khan's been cast in it and a bunch of other amazing actors."
He also told the news provider that Rushdie's screenplay adaptation of his own novel was excellent.
The actor noted: "He's really done some amazing things with the script and I don't know if anyone except for Salman could've taken those liberties and formed it into this cinematic piece."
Bhabha recently starred in Scott Pilgrim vs. the World, which also features Michael Cera, Alison Pill, Mark Webber, Johnny Simmons and Ellen Wong. It focuses on a man who must defeat his new girlfriend's seven evil exes in order to win her heart.