The victim, Kunverpal, was shot dead by the four accused last night after they barged into his residence where he sleeping, police said.
Two of the accused have been identified as Mangey Ram and Pritam, they said, adding the rest will be identified soon.
The body has been sent for post mortem, they said.
An FIR has been registered in the matter, police said, adding a manhunt is underway to nab the remaining accused.