Sources said the duo will exchange the rings on May 13 in Delhi.
Around 150 close friends and family members have been invited to the ceremony, the sources added.
Several members from the political and film fraternity are expected to attend the function.
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Aam Aadmi Party MP Sanjeev Arora had shared a collage of Parineeti and Raghav's pictures.
"I extend my heartfelt congratulations to @raghav_chadha and @ParineetiChopra. May their union be blessed with an abundance of love, joy, and companionship. My best wishes," he said in a tweet.
Parineeti and Raghav's dating rumours began after they were spotted together at a lunch date in Mumbai in March.
They were recently spotted at Mohali cricket stadium as they watched the IPL match together. Several images and clips from the match went viral. In one of the pictures, Parineeti was seen leaning on Raghav's shoulder, seemingly confirming their relationship.
If reports are to be believed, Parineeti and Raghav studied together at the London School of Economics and have been friends for a long time. Parineeti and Raghav also follow each other on Instagram.
Meanwhile, on the work front, Parineeti will be seen sharing screen space with Diljit Dosanjh in 'Chamkila'. Helmed by Imtiaz Ali, the film revolves around two popular Punjabi singers Amarjot Kaur and Amar Singh Chamkila.
Raghav Chadha is a member of the
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