- An aristocrat's daughter falls in love with a visiting archaeologist, but he holds a secret that could drive them apart.
- The year is 1953. A visiting archaeologist called Varun Shrivastav comes to the village of Manikpur in West Bengal to excavate the temple grounds of the local Zamindar. With knowledge and experience beyond his young demeanour, Varun greatly impresses the Zamindar and his family. Especially Pakhi, the Zamindar's feisty and only daughter, who finds herself irrevocably drawn towards him. But Varun isn't all he seems on the surface. And as the simmering attraction between him and Pakhi leads to a tender and deep love, he is forced to choose between her and his past. Making his choice, Varun disappears. Pakhi struggles to move on with her life, determined to forget him and their relationship. Until one day, when he returns under the most extraordinary circumstances. Inspired from O. Henry's "The Last Leaf", Lootera is the uplifting story of two lovers. Of heartbreak, betrayal... and ultimate redemption.—Lootera Film
- In the picturesque town of Manikpur (West Bengal) of 1953, the Zamindar goes to watch a Chhau dance along with his daughter, Pakhi Roy Chaudhary (Sonakshi Sinha), an aspiring writer. After Pakhi has an asthma attack from the ensuing excitement, she is rushed home and is given medication. As she recuperates, her father comforts her and narrates the story of the invincible king whose soul resided inside a parrot, and then proceeds to tell her that she is the parrot within whom his life resides.
One day while learning to drive a car, Pakhi accidentally bumps into a motorcycle and mildly injures a handsome youth. While he is being treated, Pakhi gets drawn towards him. A few days later, the same youth introduces himself to the Zamindar as Varun Shrivastav (Ranveer Singh), an archaeologist who needs to study the land surrounding the temple owned by the Zamindar. Over the next few weeks, Varun charms the Zamindar and his daughter with his knowledge and persona, and is invited along with his assistant, to live at their home.
Varun convinces the Zamindar to set up camp near the town temple which hosts 300 yr old gold idols of Hindu Gods. The Zamindar also provides resources for the dig. All of this is supervised by the Zamindar's accountant, who is suspicious of Varun.
Soon, love brews between Varun and Pakhi as they bond over art and literature, and their love culminates into a passionate affair. Meanwhile, an act passed by the Indian government debars the powers of Zamindars causing tension in the Chaudhary household. Zamindar is under stress as he does not have money to even maintain his estate. An Indian Govt treasury officer confiscates many artifacts from the household in the name of theft conducted by the East India Company. Zamindar opens up his woes to Varun & Varun advises him that he still has many artifacts of priceless value in his house, that international buyers will pay top dollar for. Varun arranges for his uncle to come & pose as the buyer for the artifacts.
As Varun's stay comes to an end, he proposes to Pakhi and preparations of their wedding begin thereafter. Varun tells the Zamindar that he has no family. He tells his uncle (who is posing as the buyer) that he loves Pakhi & will give up his crime life to settle down. Varun's uncle threatens to tell Zamindar the truth about Varun being a Lootera if he decides to go ahead with the wedding. But on the wedding day, Varun is nowhere to be found, and it is discovered that the idols from the temple have been stolen and the currency notes from the purchase of the family's artifacts (arranged by Varun), turn out to be counterfeit. Turns out that the Indian Govt Revenue officer was also working with this gang.
A year later, Pakhi is living all alone in Dalhousie. Her father has passed away and she has still not recovered from her heartbreak. When a police inspector asks her in helping him nab Varun, she refuses to do so. Soon after that, Varun and his friend turn up at Dalhousie for their next heist and coincidentally stay at a lodge on Pakhi's property. Things turn ugly when the police get wind of their whereabouts, and a chase ensues. After Varun accidentally kills his friend along with a constable, he seeks refuge in Pakhi's house.
Although Pakhi does not turn him over to the police, she is nevertheless enraged and repels Varun's comforting advances and explanation. In a letter, she explains to Varun that she is dying of tuberculosis and will pass away the day the last leaf falls from the wilting tree outside the window.
Varun then plans his escape but refuses to go and takes care of the ailing Pakhi instead. Soon Pakhi warms up to him and her faith remains intact when each day she finds one last leaf remaining on the tree.
Eventually, it is revealed that apart from taking care of Pakhi, he also used to paint a leaf and tie it on a branch of the tree everyday so that she doesn't give up hope. In the end, as he is about to escape, Varun is shot down by the police while Pakhi realizes everything after she looks at the painted leaf closely and smiles with tears in her eyes.
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