Incidentally, the film will also see an appearance by the author, in keeping with Mehta's style. The film is expected to release in 2010.
Shabana Azmi, Nandita Das and Seema Biswas are said to be in the cast. Rushdie and mehta will co write the script.
The book, which was released in 1981, is a fictional account of Saleem Sinai, who was born at the stroke of the midnight hour, August 15, 1947.