Abstract. The energetic pulsar, PSR J2032+4127, has been recently discovered in the direction of the unidentified HEGRA TeV γ-ray source (TeV J2032+4130). It is proposed that this pulsar forms a binary system with the Be type star, MT91 213, expected to reach the periastron late in 2017. We performed detailed calculations of the γ-ray emission produced close to the binary system's periastron passage by applying a simple geometrical model. Electrons accelerated at the collision region of pulsar and stellar winds initiate anisotropic Inverse Compton e ± pair cascades by scattering soft radiation from the massive companion. The γ-ray spectra, from such a comptonization process, are confronted with the measurements of the extended TeV γ-ray emission from the HEGRA TeV γ-ray source. We discuss conditions within the binary system, at the periastron passage of the pulsar, for which the γ-ray emission from the binary can overcome the extended, steady TeV γ-ray emission from the HEGRA TeV γ-ray source.