The Story of "GOLMAAL" as Madhav Singh Ghai along with two ex-college slackers, Gopal and Lucky who is mute, team up with college student, Laxman, to extort money from students as well as sell question papers in advance. The four are also on the run from a Garage owner to whom they owe money. While on the run one day, they come across a spacious bungalow occupied by a blind couple, Somnath and Mangala. They overhear that their grandson is to return from New York, and decide to con the couple and live in the bungalow in style. Laxman becomes the grandson, Sameer, while Gopal lends his voice to fool the couple. The four find that they have an attractive neighbor in Nirali and each of them comically propose their love to her. To complicate matters, a gangster is interested in a wooden sealed box in Somnath's house. Hilarious chaos prevails when the hapless foursome find out that Somnath is already aware of them; the gangsters take over the house to claim the wooden box; and the garage owner is all set to recover his loan, at the same time Nirali also enters the scene to declare who she has chosen to be her husband.