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Police suspect that the victim, Vinayak Shirsath, was killed by someone, a senior official Bharti Vidyapeeth police station here said.
The decomposed body was found near Mutha village on Lavasa road on Monday evening, he said.
Shirsath, a resident of Pune city, went missing on January 30 following which his family members had registered a police complaint on January 31.
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Shirsath’s family pointed fingers at several people linked to the real estate sector, but during the probe, all of them were found to be close friends of the victim, he said.
A case has now been registered under Indian Penal Code Sections 302 (murder) and 201 (causing disappearance of evidence of offence) and a probe is underway, he said.
The body has been sent for post-mortem and its report is awaited to ascertain the exact cause of death, he added.