As per contrary belief bhanghad isn't haunted, it is cursed (As per beliefs).
The story which this town is well-known for tells the tale of a magician who fell in love with the local princess of the area even though their match was impossible. Being quite the master of dark magic, he decided to cast a spell on her to make her surrender to him. However, the princess learned of his plans and found a way to kill him. Before his death, however, the magician cast a dark spell on the palace which caused its doom. Nothing related to ghosts.
The place becomes prone to wild animals and thanks to the stories of being a ghost town faint hearted people can get heart attacks. Since it is a ghost town rapid medical attention isn't available after the sunset which can lead to death. And since the town is a public property, the kins of the family can sue the state government for improper care and negligence. Also the ghost angle attracts a lot of visitors to this empty fort.