"We intend to release it on Valentine's Day because it is a love story, " Bhatt told IANS.
For "Aashiqui 2", Mohit Suri will wield the megaphone. The cast has Shraddha Kapoor and Aditya Roy Kapoor.
"We won't be in a hurry. When we feel the film is ready and when we are happy with our product, we will fix our release date, " he said.
The release plan would also depend upon "how the shoot goes" and "what other releases are coming during that time".
"Aashiqui 2" is a sequel to the 1990 romantic-musical "Aashiqui".
Directed by Mahesh Bhatt, the film starred two newcomers - Rahul Roy and Anu Agarwal - in the lead roles. It was a super hit.