Awara Pagal Deewana is an action-comedy which revolves around a dentist who accidentally gets trapped into underworld and goes for a roller coaster ride.
A mafia don (Om Puri) dies and leaves behind such a will which starts an unending war between Guru Gulab Khatri (Akshay Kumar), don's son-in-law and Vikrant (Rahul Dev), don's only son. Guru Gulab is married to Vikrant's stepsister Preeti (Preeti Jhangiani). Don's legal will, which also includes diamonds worth hundred crores kept in a foreign bank has to be equally divided between these three and to claim the diamonds from the bank all three have to be present at the bank and personally sign the papers. In event of any of the inheritor's death, a death certificate has to be produced to the bank. The will factor vertically splits the gang in two. Vikrant and Guru Gulab become rivals. Vikrant wrongly implicates Guru Vikrant and Guru Gulab become rivals. Vikrant wrongly implicates Guru Gulab in a very serious crime which forces him to flee out of India.
Guru Gulab leaves India for America and comes to stay in the neighbourhood of Dr. AnmolAcharya (Aftab Shivdasani). Meanwhile, in India Rahul announces big prize money to those who tell him the whereabouts of Guru. Anmol's greedy wife Mona (Amrita Arora) forces him to meet Rahul in India and inform him about Guru Gulab and collect prize money.
Anmol comes to India with his father-in-law (Paresh Rawal) and the moment they step into India they are picked up by ChotaChhatri (Johny Lever), who takes them to a local goon, Eaida Anna (Sunil Shetty).
Anna strikes a deal with Rahul that he'll kill Guru and acquire the prize money offered by Rahul. Rahul gives him the contract. So Anmol returns, not with prize money but with Anna and ChotaChhatri, and others have this wrong notion that Anna is just interested in the petty contract money.
His interest lies in the diamonds worth a hundred crores....!!
So this race to reach the diamonds becomes deadlier and all three powers- Vikrant, Guru and Anna clash.
And the rule of this race is, to kill the other contestants to win the race!!!
(From the official press booklet)