The story revolves around Pari Lok (the Fairy Realm), where good fairies reside, each possessing unique abilities. Rani Pari is the queen of the fairies, while Bhayankar Pari, an evil fairy, plots to create terror on Earth. She seeks revenge as she wasn't given the throne by Maa Pari, when she was a good fairy. Rani Pari assigns different fairies to protect specific locations on Earth from Bhayankar Pari's evil plans, but in vain.

Timnasa, an evil enchantress and the queen of Kaal Lok, begins a quest to rule the whole universe and become the most powerful and evil entity. She attacks and destroys the Pari Lok.Baalveer and the surviving fairies take refuge in Pari Lok's sister-planet Veer Lok, whose leader is a white lion, Shaurya. Baalveer becomes weaker due to his injuries in the attack. On Shaurya's instructions, Baalveer goes to Earth as Dev, with the fairies as his sisters, to find his successor, as he needs help to fight Timnasa.

A spiritual sequel to the previous seasons, this season unravels the story of another universe. The plot is central to the Baalveer of this universe, who is preparing for his mother, Adishi's arrival in Udaka Lok after her two months' journey. He goes to Earth to buy a gift for her and saves a girl named Kaashvi from an accident. In Udaka-Lok, Baalveer passes a test set by Uttan, the ruler of Shaashvan-Lok, and is declared worthy. However, Aageel plans to kill Baalveer using her Mahajadoo.

Baalveer successfully frees his father, Bhasma, from Krinkaal Lok, unaware that he is a villain. Bhasma starts destroying the world. Then, Baalveer makes Bhasma faint. Benam tells Baalveer about his past: Bhasma was initially a soldier of Shashwan Lok, but he wanted to rule the world. So, he pretended to be in love with Benam and married her. Then Baalveer kills his father with Bhasm trident at last, but a new enemy named Param, who has already killed 49 different Baalveers of the universe, is trying to kill this last Baalveer. But to complete the Baliduar Vidhy and fill his powers, he first kills Baalveer's mother Benam and then Mahamahim Uttan.

Baalveer is confronted by a powerful new enemy named Param, who has a mysterious connection to him and has already eliminated Baalveers across multiple universes. Param's sole mission is to destroy the current Baalveer. Adding to Baalveer's struggles, he is dealing with the emotional fallout of a difficult confrontation with his father, leaving him feeling powerless. While, on the other hand Kaashvi and Vivaal set out to kill Ageel but got failed when Ageel regains her powers and vows to kill Vivaal.