The Dhoom star is the daughter of veteran actors Hema Malini and Dharmendra. Deol's mother previously revealed her engagement to the Bandra-based businessman following a ring ceremony on February 12.
Speaking to PTI, Malini said: "We are very happy and excited. The preparations have started. The wedding will take place on June 29 at a temple. We wanted to have the wedding in a temple."
While the wedding will be a private affair for close friends and family, a reception will also take place in June.
"The reception will take place on June 30 at a five star hotel. We just want best wishes and love from everyone," said the Sholay star.
Members of the film fraternity are expected to attend the wedding reception.
Deol is reportedly taking an indefinite break from the industry, saying that she has been unable to find any challenging roles.