The film will be produced by Eros International Media, a Mumbai-based production house.
Sandip, whose first Feluda feature film for the big screen was "Bombaier Bombete", said that he planned to show one Feluda story in each half.
"Abir, who was accepted by the audience in the role of the famous fictional detective in 'Badshahi Angti', will be in the same role. He will be my sleuth from now on," Sandip said.
Sandip said that he had thought about Abir long before he debuted as an actor in the role of another popular Bengali fictional detective (Byomkesh) in a film by a fellow director.
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A spokesman of Eros, which made a string of box office hits in Hindi, including "Tanu Weds Manu Returns" and "Zindagi Na Milegi Dobara", said, "We are happy to produce film on Feluda, who is a popular Bengali character immortalised in books and celluloid."
"Monchora", a romantic drama, is an adaptation of a story by Bengali author Saradindu Bandyopadhyay, Sandip said.
The films stars Abir and Raima Sen, with whom Sandip is working for the first time.