Prince, who is the nephew of Nagpur's leading hotelier Mohabat Singh Tuli and son of his partner Kukku, met Yukta at a dinner party some months ago and it was 'love-at-first-sight', say his family members.
The marriage will be solemnised in traditional Punjabi style at the Kamptee Road Gurudwara Sunday noon. A reception will be held at Tuli International Hotel the same evening.
"With both families readily consenting, we decided to tie the knot at the earliest rather than spending time in dating and stuff like that," said Prince.
"What I liked most in Yukta was that her Bollywood background has not taken away from her the innate simplicity and respect for elders and the Indian culture that she imbibed while growing up," he added.
A consultant with the leading New York-based J P Morgan company, Prince also owns two companies in the US, but has plans to shift his business to Delhi.
Prince said their diverse backgrounds wouldn't be a problem. "In fact her interest in the hospitality industry will be of immense help to me," he said.
The couple have plans to honeymoon in the Maldives after spending some time in Colombo where Prince owns two residences.