Although Alag hasn't even released yet, the producer Subi Samuel and director Ashu Trikha are already planning a sequel. Subi Samuel confirmed this bit of information. Only this time it will be made on a much bigger scale. The lead star cast of Dia Mirza and Akshay Kapoor will be the same. There just might be some more additions for important roles.
They were toying with the idea of the sequel since they started work on Alag. The scripting of the sequel is in process. Alag is slated to release on June 16. Some other big budget sequels which will release in the near future include Phir Hera Pheri and Krrish.