This Ayan-Mukerji-Karan Johar is gathering momentum with each passing day. The latest on the much awaited release starring Ranbir Kapoor and Deepika Padukone is that its trailer will be launched at an event early next week – 19 March to be precise.

“Update: Yeh Jawaani Hai Deewani trailer will be launched at an event in Mumbai on 19 March,” tweeted critic Taran Adarsh.

Apparently, Johar has stated that the film is a tribute to the Nasir Hussain brand of filmmaking, and according to initial reports, Padukone plays Naina - a naïve 20 year old and Kapoor plays a character named Bunny and sports an earring. Rumour also has it both Padukone and Kapoor have had had drastic makeovers for the film, and will be seen in never before avatars.

The film has music by Pritam and also stars Aditya Roy Kapur, Kalki Koechlin and Rana Daggubati. It releases on 31 May 2013.

Meanwhile, Check out the first look posters of the film below (click to enlarge thumbnails).