If you want to have a good laugh, go for it but dont compare it with Part-1(Golmaal), coz that was really a very hilarious stuff. This part also grips you & has good laughing scenes, but has no great comic dialogue which you might remember. Also if you are a logical thinker, dont start searching for connection between both the movies, as nothing much has been worked on that sense.
The plot is also nice, but not of a great sort. At times the comedy also becomes little cheap, hence think once before going to the movie with your parents/grand-parents, as they might not enjoy those scenes, rather object. But I must say that watching it with friends will be real fun & you will have a great time laughing together.
But overall, a good movie & surely a good time-pass if you need a good laugh.