The decision to release the romance drama a week earlier came in after much thought by production company Yash Raj Films (YRF).
"With 'Ferrari ki Sawaari' moving to a later date and the IPL (Indian Premier League) crunch matches starting from May 18, this shift will give 'Ishaqzaade' a better window for release, " said a statement from YRF.
The movie tells the story of two fiery characters and their fight for power and supremacy.
Written and directed by Habib Faisal of "Do Dooni Chaar" fame, the film narrate how two people who are born to hate, and destined to love, come face-to-face with each other.
With the shift in release date, "Ishaqzaade" will clash with Vikram Bhatt's "Dangerous Ishq", which marks the comeback of Karisma Kapoor to Bollywood after five years.