The New Zealand Players Association told RNZ they will be on their way home on flights leaving India on Saturday.
New Zealand has five players at the IPL currently: Devon Conway, Mitchell Santner, Trent Boult, Rachin Ravindra and BJ Jacobs.
The two countries have clashed since India struck multiple locations in Pakistan on Wednesday that it said were "terrorist camps" in retaliation for a deadly attack in its troubled region of Kashmir last month, in which it said Islamabad was involved.
Pakistan denied the accusation but both countries have exchanged cross-border firing and shelling and sent drones and missiles into each other's airspace since then, with nearly four dozen people dying in the violence.
The IPL still has 12 group matches left, which are due to be followed by the playoffs culminating in the May 25 final in Kolkata.
Chief executive of the New Zealand Cricket Players Association Heath Mills told RNZ: "All our players are booked on flights to come home to New Zealand today Indian time, so that's good from our perspective, and they're pleased about that."
In a statement, NZ Cricket said all New Zealanders in the IPL had either left India or were in the process of leaving "as flights become available".
It said New Zealand cricketers in the PSL - the Pakistan equivalent - including players, coaches, support staff and commentators had left Pakistan for Dubai, where games would be played.
The men's New Zealand A team was in Bangladesh, but its schedule was unchanged.
NZ Cricket said its current advice was the tour should go ahead, and it was continuing to monitor the security situation.
Mills said he was not sure what might happen if Indian cricket authorities decided to postpone or suspend the competition further.
"At the moment, we're just focused on the players getting home and then we'll just wait and see what the Indian Cricket Board wants to do.
"The players are reading everything that we're all reading and obviously their friends and family are back home too, so it's been a really anxious time for the guys over the last three or four days and they just want to get home."
- additional reporting Reuters
