Directed by Meghna Gulzar, the movie will see Alia's character married to a Pakistani army officer, which will be played by Vicky.
Filmmaker Karan Johar took to Twitter to announce the release date.
"Exciting date announcement! #Raazi releasing 11th May, 2018... @aliaa08 @vickykaushal09 @DharmaMovies @JungleePictures @meghnagulzar," Johar wrote.
The movie is produced by Junglee Pictures and Dharma Productions and is based on Harinder Sikka's novel, "Calling Sehmat", a thrilling saga of a spy who gave all of herself and that of her family in the service of her nation, so that all may live in peace.