Chopra's last rites will be performed Monday at the Vile Parle crematorium, near Pawan Hans Helicopter company's office, in south Mumbai, confirmed his office.
"It is with deep regret that we announce the sad demise of Mr. Yash Chopra, who breathed his last at around 5.30 p.m. today (Sunday). Details of his last rites will be communicated to all a little later, " said an official statement from Yash Raj Films.
As soon as the news of his death came out, from Shah Rukh Khan, Dilip Kumar, Saira Banu to Poonam Dhillon and Anil Kapoor, many came rushing to the hospital.
Actress Nargis Fakhri of "Rockstar" fame was also present at the hospital.
The family members shifted his body from the hospital to their bungalow, Adityodaya in Juhu. Shah Rukh, a close friend who was working with the filmmaker in his last film, was seen sitting inside the vehicle that carried the body of Yash Chopra.
Later in the evening, the body was taken to the Yash Raj Studios in Andheri West and according to sources, Amitabh Bachchan was there.
On Monday, before the cremation, his body will be kept at the studio from 9 a.m. to 12 p.m. for people to pay their last respect.
Yash Chopra was admitted to the hospital Oct 13 after he complained of weakness. However, he was later diagnosed with dengue.
"He died of multi-organ failure. He was in the ICU, " said a hospital official.
He is survived by wife Pamela and two sons Aditya and Uday. While Aditya is a filmmaker, Uday is an actor.
Filmmaker Mahesh Bhatt called Yash Chopra's death a huge loss to Bollywood.
"My brother Mukesh Bhatt called me at 6.30 p.m. and was crying. He gave me the news that Yashji is no more. He was very close to him. It is a sad demise and a huge loss, " Mahesh told.
Yash Chopra gave romance a new meaning with films like "Daag", "Kabhi Kabhie", "Silsila", "Chandni", and "Dil Toh Pagal Hai" and his own favourite "Lamhe".
Before his death, he was busy shooting for "Jab Tak Hai Jaan" with Shah Rukh Khan, Katrina Kaif and Anushka Sharma. He had completed the entire schedule except for a song.
The film, slated for a Diwali release Nov 13, has turned out to be his swan song.
From Dilip Kumar, Amitabh to Madhuri Dixit and Sridevi, Bollywood fraternity is "shocked", "numb" and "heartbroken" after learning about his death.