The deceased, identified as Rahul Narale, was a degree student of Wadia collage here.
He had gone to Lohgad fort area along with a group of friends on December 30 and had been missing since then.
His decomposed body was found with the help of local fort lovers' group, police said.
An officer, attached to Lonavala rural police, said Narale's body was found in forest at the base of the fort.
"We suspect that he might have slipped and fell to his death. We have registered a case of accidental death, however, we are probing other angles such as any foul play in the death," said a police officer.
"As per the other group members, they found Narale was not with them when they reached a spot on fort and started searching him. They came back and informed his parents," he said.
On the next day, Narale's family members lodged a missing complaint and thereafter search operation was started.
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