Nadira was admitted to Bhatia hospital on January 2 after a paralytic stroke. She was also suffering from other complications and had been in coma, doctors said.
A Jew, Nadira was staying all alone in a flat in south Mumbai.
The funeral will be held Thursday evening, former president of Cine Artistes Association and fellow actor Chandrashekhar said.
Nadira made her foray in the film industry in the 1950s with the film 'Aan'. She also appeared in 'Shree 420', 'Dil Apna Preet Parayee' and 'Julie.'