Rajneesh Behl was the husband of famous actress Nutan.
The fire reportedly started in Behl's penthouse apartment. The body of Rajneesh Behl was found in a badly charred condition, almost four hours after the fire broke out.
Although the fire brigade personnel had asked the residents of the building to evacuate it, they did not realise that Bahl was inside the top-floor flat in which the fire had erupted.
His son was also away on a shooting and arrived later in the night, the police said. The body was discoverd after fire fighting operations concluded at around 4 am.
The body has been sent for post-mortem, the police added.
The 32-storeyed Sagar Sangeet was constructed in 1976 and is located opposite Colaba Post Office.
Over ten fire tenders and high speed elevators were pressed into service to contain the fire.
All the other residents of the building were evacuated and power supply disconnected. Three other buildings in the compound -- Acropolis, Heliopolis and Petropolis -- were also evacuated.
Photograph: Deepak Salvi