Sharma's new film is titled 'Singh Saheb The Great' and has Sunny Deol in the lead role.
Bhopal has attracted several film-makers of late. Prakash Jha has shot almost all his films here.
Sunny plays the role of a Ccollector in the film, which will be a satirical comedy on corruption, said Sharma.
The film will have a 45-day shooting schedule starting from November in Bhopal, while some portions will be shot in other parts of Madhya Pradesh.
While the female lead is yet to be finalised, the film would also star Johnny Lever and Prakash Raj.