One of their accomplices is absconding. According to police, the incident occurred on Friday morning around 6 am at the Central Railway quarters in Sion. The accused broke into room number 4 on the first floor of building number 6.
The flat owner Rajesh Sharma, was out of town during the incident. The arrested have been identified as Rajesh Rajbhar (24), Shankar Bhimanna Chanali (23), Ravi Subhash Bhalki (20) and Hemant Shinde (20).
Police are still looking for one Jeetu Dusange (28), a resident of Borivali. Police have recovered a screwdriver, scissor, two hand gloves, an iron rod and a cutter from the arrested accused.
SRK-Gauri anniversary: B-Town stars and their non-filmi better halves
Birthday special: Popular mothers and daughters in Bollywood
Spotted: 'Kaabil' star Hrithik Roshan with dad Rakesh Roshan
'Rock On 2' trailer launch: Farhan, Shraddha enthrall audience with live gig
Photos: Deepika Padukone, Sushmita Sen with daughters at Mumbai airport