The movie will be a "fresh and very real love story about the hair-raising minefield between love, attraction and commitment", read a statement from YRF.
"Finally, a romantic comedy that tells it like it is," the statement added.
Apart from Sushant and Parineeti, this "classy, candid look at the affairs of the heart in today's desi heartland" are the endearing Rishi Kapoor, along with debutant Vaani Kapoor.
The movie, releasing Sep 13, is written by Jaideep Sahni, and produced by Aditya Chopra. Its music is by Sachin-Jigar, with lyrics by Sahni.