Everybody has eyes on the huge property of Baburao Ganpat Apte who is the land lord of a huge chawl in Mumbai. Baburao's friend Chiman Poppat who is a builder tries to convince him to give the property to him for redevelopment but Baburao refuses him too.
Offended by the refusal, he chalks out a plan and makes her sister Chameli to fall in love with Baburao. But Baburao gets to know about his plan and cheats him by taking advance of Rs. 1 crore without signing any documents.
By the time Chinman realizes Baburao and Chameli are off to an unknown destination. Thus starts the action in the film.