Karan and Rahul are two college friends who live in a rented apartment building. When they are unable to pay the rent, they are dramatically evicted, but sneak their way back in from the other side of the building within hours as the building is being renovated from that side. Karan meets a beautiful woman, Kiran, and falls in love with her. He finds out that she is the girlfriend of his boss, D.K. Bose and lives in a bungalow in Malabar Hill. When Bose leaves for a business trip to America, Karan and Rahul move into his apartment and through his telephone Karan touches base with Kiran and begins his romance with her. In the meantime, Rahul is told by a street astrologer that he will find his soul-mate in a girl who has a birthmark on her right breast. Rahul does not find one but several women with a mark on their breast, and does recover from several embarrassing incidents. Then beautiful Urmila Martodkar walks into his life with a birthmark and all. It looks like Karan and Rahul may have finally found their soul-mates - but nothing is as it seems. What Karan does not know is that Kiran is not a girl, but is a gay boy trying to be a girl and Kiran's sister Rekha tries to woo him away from her to make him realise the truth. What Rahul does not know is that gorgeous Urmila is a Police inspector who is working undercover trying to apprehend a serial killer of women and Rahul is the prime suspect.