Dubbed "the king of romance" for his emotional and dramatic tales about the travails of love, Chopra was best known for classic hit movies including "Deewar" (Wall), "Chandni", "Silsila" and "Darr" (Fear).
He worked until the final months of his life and his last film "Jab Tak Hai Jaan" (Till I am Alive), featuring superstars Shah Rukh Khan and Katrina Kaif, will be released on November 13.
Chopra told Khan in a televised interview to mark his 80th birthday in September that he was retiring.
"It is with deep regret that we announce the sad demise of Mr. Yash Chopra, who breathed his last at around 5:30pm today," Yash Raj, the production company that he founded, said in a statement.
Chopra was admitted to Lilavati hospital in Mumbai on October 13 after being diagnosed with dengue -- a common mosquito-borne viral infection for which there is no cure that is fatal in a small number of cases.
Prime Minister Manmohan Singh paid wholesome tribute to the late director, describing him as "an icon of Indian cinema".
"He entertained many generations with his rare creativity," Singh said. "He had an aesthetic talent to make his films look larger than life. His flourish to essay romance and social drama was unmatched.
"He established the popularity of Indian cinema internationally and was honoured by many governments. He will be remembered by millions."
Indian media had previously reported that Lahore-born Chopra was recovering well under medical care.
Bollywood director Madhur Bhandarkar said on Twitter he was shocked by the loss of a movie legend. "Romance in cinema will always be incomplete," he added.
COMMENTS (10)
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Bollywood cinema is seems to be colourless witout yash raj .
We Hope his Sons (Uday & Aditya) will carry on Yash Raj saga.
Sad day for bollywood fans Hope his family will carry on Yash Raj saga.
The LEGEND OF INDIAN FILM INDUSTRY, Mr. YASH CHOPRA is no more ....but he is always alive in our heart with full of respect through out the life.
Yash Chopra was born in Lahore before partition took place.And see the weird coincidence,in 2011 many people died in Lahore due to Dengue Virus and Chopra sahab despite leaving the city a long time back,being rich and living in Mumbai; also died due to the same fever which engulfed the city where he spent his childhood. RIP Mr. Chopra.
The Bollywood has lost another Legend and King of Romance in the form of Yash Ji during the year 2012 after the Mr Rajesh Khanna. RIP both legends.
Bollywood has lost another legend in the form of Yash ji during the year 2012 after the legend Rajesh Khanna.
A very sad day for his fans. RIP Chopra sahib.
Why isn't this the top headline of ET so much love of bollywood for ET and not putting it in top doesn't matter if it's a Pakistan paper this should be top headline
Left tears in my eyes. Yashji was more than legend. Without him there is gr8 vaccum in our films now. The irony is 2012 has been such a spectacular year for bollywood. So many gr8 films were made, such brilliant acting , music etc. But we lost gr8 actors too. First rajesh khannji , and now king of romance yashji . Please re born and come to our gr8 countyr India. Your legacy will continue.. Thank you for your brilliant movies. RIP yashji ..