The gang of five — Gopal, Madhav, Lucky, Laxman and Laxman, again! are orphans who have been raised in Seth Jamnadas’ orphanage in Ooty. When they return to their orphanage to mourn the death of their mentor, they hear that an avaricious builder, Vasu Reddy and his associate, Nikhil have designs on the ashram and the adjoining plot owned by Colonel Chouhan. The jugadu gang decides to stall the builders. However, they realise that in their absence, some friendly ghosts too have started to reside in the area. Anna Mathew, who can talk to spirits, acts as the guide to the gang.
In 1947 when the maps of India and Pakistan were being drawn, an oversight ensured that the village of Paglapur didn’t find a place in either country. Over 60 years later, Paglapur is isolated, and in need of help. The residents seek help, but as a direct result of being left off the map, they find noone willing to accept Paglapur, and its problems, as their jurisdiction. The villagers decide they need to draw media attention to Paglapur, and in so doing, gain acceptance and help from those who had previously denied them.
In this modern remake of Karz, Om – an aspiring actor from the 1970s – is murdered, but is immediately reincarnated into the present day. He attempts to discover the mystery of his demise and find Shanti, the love of his previous life.