Khandekar struck in the 68th minute to silence the vocal home crowd after the two teams were locked 3-3.
For UP Wizards, who led 2-1 at half time, the other scorers were Nithin Thimmaiah (8th minute), Malayalan Gunasekar (17th) and Nikkin C A Thimmaiah (55th).
Lalit Upadhyay (23rd), Gagandeep Singh (58th) and Gonzalo Peillat (62nd) scored for Kalinga Lancers coached by India coached Terry Walsh.
With the win today, U P Wizards are on second place in the league table with 26 points from eight matches. Kalinga Lancers are at fifth position in the six-team league table with 11 points from eight matches.
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