Padukone shares a close bond with her family, and visits them regularly in her hometown of Bangalore. She lives by herself in Prabhadevi, a neighbourhood in Mumbai, and admits to missing the presence of her family there. She says, "I miss them, but luckily I have a life of my own, which keeps me from getting homesick. I wouldn’t want them to uproot their lives from Bengaluru just to be with me." A practicing Hindu, Padukone considers religion to be an important aspect of her life and makes frequent visits to temples and other religious shrines. She has also been outspoken on issues such as feminism and has said, "New feminism isn't about being aggressive; it's about reaching the top yet being soft. It's about being you — feminine, strong and full of will power.” In a 2015 interview, Padukone spoke about her personal experience of overcoming depression, and she has since launched an initiative to create awareness on mental health in India.

While filming Bachna Ae Haseeno in 2008, Padukone began a romantic relationship with co-star Ranbir Kapoor. She spoke openly about the relationship and sported a tattoo of his initials on the nape of her neck. She has said that the relationship had a profound effect on her, transforming her into a more confident and social person. The Indian media speculated on an engagement, and reported that this had occurred in November 2008, although Padukone had stated that she had no plans to marry within the next five years. The couple broke up a year later; she professed in an interview to feeling "angry" and "betrayed" for a long time, but insisted that they remained on good terms. In a 2010 interview, Padukone made a comment that the media speculated was a reference to her break-up with Kapoor

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